Form Il-990-T - Exempt Organization Income And Replacement Tax Return - 2014
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Illinois Department of Revenue
*431701110*
2014 Form IL-990-T
Exempt Organization Income and Replacement Tax Return
Due on or before the 15th day of the 5th month (4th month for employee trusts) following the close of the tax year.
Enter the amount you are paying.
If this return is not for calendar year 2014, enter your fiscal tax year here.
Tax year beginning
20
, ending
20
month
day
year
month
day
year
For tax years ending on or after December 31, 2014. For prior years, use the form for that year.
$
Step 1:
Identify your exempt organization
D
Enter your federal employer identification no. (FEIN).
A
Enter your complete legal business name.
If you have a name change, check this box.
E
Check if you are taxed as a corporation.
Name:
F
B
Check if you are taxed as a trust.
Enter your mailing address.
If you have an address change or this is a first return, check this box.
G
Provide the nature of your unrelated trade or
C/O:
business.
Mailing address:
H
Check this box if you attached Illinois
City:
State:
ZIP:
Schedule 1299-D, Income Tax Credits.
C
Check the applicable box if one of the following applies.
I
Enter
your North American Industry Classification
System
(NAICS)
Code, if applicable. See instructions.
First return
Final return (If final, enter the date.
)
mm
dd
yyyyy
Step 2: Figure your base income or loss
1
Unrelated business taxable income or loss from U.S. Form 990-T, Line 34.
1
Attach a copy of Page 1 of your U.S. Form 990-T.
00
2
2
Illinois income and replacement tax and surcharge deducted in arriving at Line 1.
00
3
3
Base income or loss. Add Lines 1 and 2.
00
A If the amount on Line 3 is derived inside Illinois only or if you are an Illinois resident trust, check this box and enter the amount
from Step 2, Line 3 on Step 4, Line 12. You may not complete Step 3. (You must leave Step 3, Lines 4 through 11 blank.)
B If any portion of the amount on Line 3 is derived outside Illinois, check this box and complete all lines of Step 3.
See instructions.
Step 3: Figure your income allocable to Illinois
(Complete only if you checked the box on Line B, above.)
4
4
Trust, estate, or non-unitary partnership business income or loss included in Line 3.
00
5
5
Business income or loss. Subtract Line 4 from Line 3.
00
6
6
Total sales everywhere. This amount cannot be negative.
7
7
Total sales inside Illinois. This amount cannot be negative.
8
8
Apportionment factor. Divide Line 7 by Line 6 (carry to six decimal places).
9
9
Business income or loss apportionable to Illinois. Multiply Line 5 by Line 8.
00
10
10
Trust, estate, or non-unitary partnership business income or loss apportionable to Illinois.
00
11
11
Base income or loss allocable to Illinois. Add Lines 9 and 10.
00
Step 4: Figure your net replacement tax
12
12
Net income or loss from Line 3 or Line 11.
00
13
13
Replacement tax. Corporations multiply Line 12 by 2.5% (.025); Trusts multiply by 1.5% (.015).
00
14
14
Recapture of investment credits. Attach Schedule 4255.
00
15
15
Replacement tax before investment credits. Add Lines 13 and 14.
00
16
16
Investment credits. Attach Form IL-477.
00
17
17
Net replacement tax. Subtract Line 16 from Line 15. If the amount is negative, enter "0."
00
NS
DR________
Form IL-990-T front (R-12/14)
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