Form Ict-1 - Electricity Distribution And Invested Capital Tax Estimated Payment

Download a blank fillable Form Ict-1 - Electricity Distribution And Invested Capital Tax Estimated Payment in PDF format just by clicking the "DOWNLOAD PDF" button.

Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.

Complete Form Ict-1 - Electricity Distribution And Invested Capital Tax Estimated Payment with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.

Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.

ADVERTISEMENT

Illinois Department of Revenue
ICT-1
Electricity Distribution and
Invested Capital Tax Estimated Payment
Step 1: Figure your estimated Invested Capital Tax
Column A
Column B
Balance at beginning of year
Balance at end of year
1
Total amount of proprietary capital, stockholders’ equity, or
1
1
total equity for the last calendar year.
.
_____________|_____
_____________|_____
2
2
2
Total of long-term debt for the last calendar year.
_____________|_____
_____________|_____
3
3
3
Add Lines 1 and 2.
_____________|_____
_____________|_____
4
Your investments in and advances to all corporations for the
4
4
last calendar year.
_____________|_____
_____________|_____
5
5
5
Subtract Line 4 from Line 3.
_____________|_____
_____________|_____
6
6
Add Column A, Line 5, and Column B, Line 5.
_____________|_____
7
7
Multiply Line 6 by 50% (.5). This amount is the average of the balances.
_____________|_____
8
Illinois apportionment factor shown on your last year’s
.
8
business income tax return.
___
______________
9
9
Multiply Line 7 by Line 8.
_____________|_____
10
10
Multiply Line 9 by .8% (.008).
_____________|_____
11
If you are required to complete Worksheet A on the back of this
.
11
form, write the amount from Worksheet A, Line g. If not, write “1.00.”
___
______________
12
12
Multiply Line 10 by Line 11.
_____________|_____
13
Multiply Line 12 by 25% (.25). This amount is your estimated Invested Capital Tax payment.
13
Write this amount here and on Line 1 of each of the four ICT-1 vouchers in this packet.
_____________|_____
Step 2: Figure your estimated Electricity Distribution Tax
14
Amount from Worksheet B, Line i. This is your estimated
14
Electricity Distribution Tax due.
_____________|_____
15
Multiply Line 14 by 25% (.25). This is your estimated Electricity Distribution Tax payment.
15
Write this amount here and on Line 2 of each of the four ICT-1 vouchers in this packet.
_____________|_____
Step 3: Figure your estimated payment
16
16
Add Lines 13 and 15. This is your total estimated tax payment due.
_____________|_____
Write this amount here and on Line 3 of each of the four ICT-1 vouchers in this packet.
This form is authorized as outlined under the tax or fee Act imposing the tax or fee for which this form is filed. Disclosure of this information is
required. Failure to provide information may result in this form not being processed and may result in a penalty.
ICT-1 (R-11/12)
Page 1 of 3
Detach here and send bottom portion with your payment.
Illinois Department of Revenue
ICT-1
Electricity Distribution & Invested Capital Tax Estimated Payment
Station no: 069
E ___/___/____
Your estimated tax payment due dates are:
Return liability period:
12/ __ __ __ __
Year
March 15, June 15, September 15,
and December 15.
$
1 Estimated Invested Capital Tax
___________________|____
2
$
Estimated Electricity Distrib. Tax
___________________|____
3
$
Account ID: __ __ __ __ __ __ __ __
Add Lines 1 and 2.
___________________|____
4
$
Credit amount
___________________|____
(See instructions.)
5
$
License no.: __ __ - __ __ __ __ __
Total due
___________________|____
(Subtract Line 4 from Line 3.)
Business name _______________________________________ Mail this form and your payment to:
*248901110*
Street address
_______________________________________ ILLINOIS DEPARTMENT OF REVENUE
PO BOX 19019
City, State, ZIP _______________________________________ SPRINGFIELD IL 62794-9019

ADVERTISEMENT

00 votes

Related Articles

Related forms

Related Categories

Parent category: Financial
Go
Page of 3