Form Il-1120-X - Amended Corporation Income And Replacement Tax Return - 2013 Page 3
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1
2
3
4A
B
As most recently
Corrected
Step 6: Figure your net income
reported or adjusted
amount
Base income or net loss from Step 4, Line 23 or Step 5, Line 34.
00
00
35
35
35
Discharge of indebtedness adjustment. (U.S. Form 982).
00
00
36
36
36
Adjusted base income or net loss. Add Lines 35 and 36.
00
00
37
37
37
Illinois net loss deduction. If Line 37 is zero or negative, write “0”.
38
00
00
38
38
This line may not exceed $100,000. (Schedule NLD or UB/NLD).
00
00
Net income. Subtract Line 38 from Line 37.
39
39
39
Step 7: Figure your replacement tax after credits
Replacement tax. Multiply Line 39 by 2.5% (.025).
00
00
40
40
40
Recapture of investment credits (Schedule 4255).
00
00
41
41
41
Replacement tax before credits. Add Lines 40 and 41
00
00
42
.
42
42
Investment credits (Form IL-477).
00
00
43
43
43
00
00
Replacement tax after credits. Subtract Line 43 from Line 42. If negative, write “0”.
44
44
44
Step 8: Figure your income tax after credits
Income Tax
Multiply Line 39 by 7% (.07).
00
00
45
.
45
45
Recapture of investment credits (Schedule 4255).
00
00
46
46
46
Income tax before credits. Add Lines 45 and 46.
00
00
47
47
47
Income tax credits (Schedule 1299-D).
00
00
48
48
48
Income tax after credits. Subtract Line 48 from Line 47. If negative, write “0”.
00
00
49
49
49
Step 9: Figure your refund or balance due
Replacement tax before reductions. Write the amount from Line 44.
00
00
50
50
50
Foreign Insurer replacement tax reduction. (Schedule INS or UB/INS).
00
00
50a
50a
50a
Subtract Line 50a from Line 50. This is your net replacement tax.
00
00
50b
50b
50b
Net income tax before reductions. Write the amount from Line 49
00
00
51
.
51
51
Foreign Insurer income tax reduction. (Schedule INS or UB/INS).
00
00
51a
51a
51a
Subtract Line 51a from Line 51. This is your net income tax.
00
00
51b
51b
51b
Compassionate Use of Medical Cannabis Pilot Program Act Surcharge. See instr.
00
00
52
52
52
Total net income and replacement taxes and surcharge. Add Lines 50b, 51b, and 52
00
00
.
53
53
53
Credit from prior year overpayment.
00
54 a
54a
Total estimated payments.
00
b
54b
Form IL-505-B (extension) payment.
00
c
54c
Pass-through entity payments (Schedule(s) K-1-P or K-1-T).
00
d
54d
00
Gambling withholding (Form(s) W-2G).
e
54e
Total payments. Add Lines 54a through 54e.
00
55
55
Tax paid with original return (do not include penalties and interest).
00
56
56
Subsequent tax payments made since the original return was filed.
00
57
57
Total tax paid. Add Lines 55, 56, and 57.
00
58
58
Total amount of previous refunds and credits for the year being amended,
59
whether or not you received the overpayment.
00
59
Net tax paid. Subtract Line 59 from Line 58.
00
60
60
Refund. If Line 60 is greater than Line 53, subtract Line 53 from Line 60.
00
61
61
Tax due. If Line 53 is greater than Line 60, subtract Line 60 from Line 53.
00
62
62
Penalty. See instructions.
00
63
63
00
Interest. See instructions.
64
64
Total balance due. Add Lines 62 through 64.
00
65
65
Step 10: Sign here
Under penalties of perjury, I state that I have examined this return and, to the best of my knowledge, it is true, correct, and complete.
Check this box if we may
(
)
Signature of authorized officer
Date
Title
Phone
discuss this return with the
preparer shown in this step.
Signature of preparer
Date
Preparer’s Social Security number or firm’s FEIN
(
)
Phone
Preparer’s firm name (or yours, if self-employed)
Address
IL-1120-X (R-12/13)
Page 3 of 4
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