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Illinois Department of Revenue
Related-Party
*434301110*
Year ending
2014 Schedule 80/20
Expenses
Month
Year
Attach to your Form IL-1120, IL-1120-ST, IL-1065, or IL-1041. For tax years ending on or after December 31, 2014.
IL Attachment No. 14
Enter your name as shown on your Illinois tax return.
Enter your federal employer identification number (FEIN).
Step 1: Identify your affiliated companies
A
B
C
D - Totals
1
Enter the name of each
1
.
affiliated company
2
Enter the FEIN for each
2
affiliated company.
2a
Check if this is a newly added
affiliated company. See instructions.
Step 2: Figure your addition modifications
(
All taxpayers may complete this section.)
If you have more
3 a
Amount of interest paid to
affiliated companies
3a
each affiliated company.
to report than space
provided, complete
b
Interest exempt from
and attach additional
3b
the amount on Line 3a.
Schedules 80/20.
c
3c
Subtract Line 3b from 3a.
Report the totals in
4
Amount of dividends
column D of the last
additional Schedule
received from each
only.
4
affiliated company.
5
Subtract Line 4 from Line 3c.
If negative, enter “0” here
and the result as a positive
5
5
amount on Line 7.
6a
Intangible expenses paid to
6a
each affiliated company.
b
Intangible expenses amount on
6b
Line 6a exempt from addback.
Check the boxes on Line 6c to identify the reasons the amount on Line 6b is exempt from addback. You may check multiple boxes. See instructions.
c
Foreign company or state
No principal purpose
Addback unreasonable
Alternative apportionment
d
6d
Subtract Line 6b from 6a.
7
Any excess of dividends
received from each affiliated
company on Line 4 over the
interest expense addition on
7
Line 3c.
8
Subtract Line 7 from Line 6d.
If negative, enter “0” here
and enter the result as
8
8
positive amount on Line 10.
9
Insurance premiums paid to
9
each affiliated company.
10
Any excess of dividends
received from each affiliated
company on Line 7 over the
intangible expense addition
10
on Line 6d.
11
Subtract Line 10 from
11
11
Line 9. If negative, enter “0.”
12
Insurance companies:
Insurance proceeds received
from you that were claimed
as a subtraction by any of
your policy holders on
12
12
Sch. 80/20, Line 18. See instr.
13
Total addition modifications.
Add Lines 5, 8, 11 and 12.
13
13
See instructions.
Schedule 80/20 (R-12/14)
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