Form Il-1023-Ces - Composite Estimated Tax Payments For Partners And Shareholders - 2013
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1
2
3Illinois Department of Revenue
Composite Estimated Tax Payments
IL-1023-CES
2013
for Partners and Shareholders
Who must make composite estimated payments?
misapplied to other tax types, and result in processing delays when
A partnership or subchapter S corporation, acting as the authorized
you file your Form IL-1023-C and your annual Illinois Income Tax
agent, is not required to make estimated payments for its partners or
return. (i.e., Form IL-1065 or IL-1120-ST).
shareholders. However, it may do so by filing Form IL-1023-CES on
When should I reconcile any payments made?
behalf of its partners or shareholders.
If you expect any tax due, you must reconcile annually by filing
Complete the worksheet in Step 1 to figure your estimated tax for
Form IL-1023-C on or before the 15th day of the 4th month,
2013 and determine the amount of each estimated tax payment.
following the close of your tax year and pay any remaining tax
You, as authorized agent, are responsible for submitting
due. To compute the remaining tax due, subtract any payments
composite forms and payments on behalf of your partners or
previously made from the total tax due. If you made any
shareholders.
estimated payments, you must file Form IL-1023-C in order to
When are estimated payments due?
receive a refund or credit of any overpayment. You may not
apply this overpayment or any Form IL-1023-C payments to your
Your payment due dates are determined by the authorized agent’s
own liability or to an individual return of any of your partners or
tax year. If you, as the authorized agent, file on a calendar year
shareholders.
basis, your estimated payments are due by April 15, June 15,
September 15, and January 15 of the subsequent year.
If you are unable to file Form IL-1023-C by the original due date,
you must use Form IL-505-B, Automatic Extension Payment,
If you, as the authorized agent, file on a fiscal year basis, the
to pay any remaining tax due to avoid the assessment of
estimated payment due dates are the 15th day of the 4th month,
penalties and interest. For more information, see Form IL-2220,
6th month, and 9th month of the fiscal year, and the 1st month of
Computation of Penalties for Businesses.
the subsequent year.
Where should I mail my payments?
Attach each payment to the Form IL-1023-CES voucher. Do
not send estimated tax payments with your Form IL-1023-C,
Mail your payments, with your voucher, to
Composite Income and Replacement Tax Return.
ILLINOIS DEPARTMENT OF REVENUE
PO BOX 19053
Make your check or money order payable to “Illinois
SPRINGFIELD IL 62794-9053
Department of Revenue.”
You may be required to make your payments
Do not send payments to commercial bank depositories as
electronically. For more information, see Informational Bulletin
designated by the Internal Revenue Service (IRS).
FY 2011-01.
What if I need additional assistance?
Do not file Form IL-1023-CES if you make your estimated
• Visit our website at tax.illinois.gov;
payment electronically.
• Call our Taxpayer Assistance Division at 1 800 732-8866 or
Can I use another voucher to make composite
217 782-3336; or
estimated payments?
• Call our TDD (telecommunications device for the deaf) at
No. Do not use Form IL-1000-P, Prepayment Voucher for Pass-
1 800 544-5304.
through Entity Payments, Form IL-1040-ES, Estimated Income Tax
Our office hours are 8:00 a.m. to 5:00 p.m., Monday through
Payments for Individuals, or Form IL-1120-ES, Estimated Income
Friday.
and Replacement Tax Payments for Corporations, to make these
What if I need additional forms?
payments. Using a voucher other than Form IL-1023-CES to make
• Visit our website at tax.illinois.gov; or
composite estimated payments may result in your funds being
• Write to us at P.O. Box 19010, Springfield, Illinois 62794-9010.
This form is authorized as outlined by the Illinois Income Tax Act. Disclosure of this
information is REQUIRED. Failure to provide information could result in a penalty.
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IL-1023-CES (R-12/12)
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