Schedule K-1-P(3) - Illinois Pass-Through Withholding Calculation For Nonresident Members - 2015
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Illinois Department of Revenue
Year ending
Pass-through Withholding Calculation
2015 Schedule K-1-P(3)
for Nonresident Members
____
____
Month
Year
To be completed by partnerships filing Form IL-1065 or S corporations filing Form IL-1120-ST
Read this information first:
•
For tax year ending on or after December 31, 2015, only.
•
You must complete Schedule K-1-P(3) for each of your nonresident partners or shareholders who have not submitted a Form IL-1000-E to you.
•
Do not complete Schedule K-1-P(3) for any member who is a resident or who has submitted Form IL-1000-E to you.
Keep this schedule with your income tax records. You must send us this information if we request it.
Step 1: Identify your partnership or S corporation
1
2
___________________________________________________
____ ____ - ____ ____ ____ ____ ____ ____ ____
Enter your name as shown on your Form IL-1065 or Form IL-1120-ST.
Enter your federal employer identification number (FEIN).
Step 2: Identify your nonresident partner or shareholder
3
4
___________________________________________________
_____________________________________________________
Name
Social Security number or FEIN
5
Check the appropriate box to identify this nonresident partner’s or shareholder’s organization type.
individual
corporation
trust
estate
partnership
S corporation
Figure your nonresident partner’s or shareholder’s pass-through withholding
Step 3:
If this member is a resident or has submitted Form IL-1000-E to you, do not complete this schedule for this member.
6
Add the amounts from this member’s Schedule K-1-P, Step 3, Column B, Lines 12 through 17 and 19 and
enter the total here. This is your member’s share of nonbusiness income allocable to Illinois
6
before modifications and credits. See instructions before completing.
7
Add the amounts from this member’s Schedule K-1-P, Step 4, Column B, Lines 20 through 27 and 29
through 31 and enter the total here. This is your member’s share of business income allocable to Illinois
7
before modifications and credits. See instructions before completing.
8
8
Add Line 6 and Line 7 and enter the result.
9
Add the amounts from this member’s Schedule K-1-P, Column B, Lines 32 through 37 and enter the total
9
here. This is your member’s share of additions allocable to Illinois.
10
10
Add Line 8 and Line 9 and enter the result.
11
Add the amounts from this member’s Schedule K-1-P, Column B, Lines 38a through 47 and enter the total
11
here. This is your member’s share of subtractions allocable to Illinois.
12
Subtract Line 11 from Line 10. If negative, enter zero. This is your member’s share of Illinois income
12
subject to pass-through withholding. See instructions.
If this member is a nonresident individual or estate, enter “0” on Lines 13 through 15 and go to Line 16.
13
Replacement tax before credits. If this member is a
partnership, S corporation, or nonresident trust, multiply Line 12 by 1.5% (.015) and enter the result.
13
corporation, multiply Line 12 by 2.5% (.025) and enter the result.
14
Enter the amount of Illinois replacement tax investment credits passed to this member and available for
14
use this year.
15
Subtract Line 14 from Line 13. If negative, enter zero. This is your member’s share of replacement tax
15
after credits.
If this member is a nonresident partnership or S corporation, enter “0” on Lines 16 through 18 and go to Line 19.
16
Income Tax before credits. If this member is a(n)
nonresident individual, estate, or trust, multiply Line 12 by 3.75% (.0375) and enter the result. See instr.
16
corporation, multiply Line 12 by 5.25% (.0525) and enter the result. See instructions.
17
Enter the amount of Illinois income tax credits passed to this member and available for use this year.
17
See instructions.
18
Subtract Line 17 from Line 16. If negative, enter zero. This is your member’s share of income tax
18
after credits.
19
Add Lines 15 and 18 and enter the result. This is your member’s total pass-through withholding payment.
Report this amount on this member’s Schedule K-1-P, Step 7, Line 54. You must also report this
amount on your Form IL-1065 or Form IL-1120-ST, Schedule B, Section B, Column J, on the line
19
which reports this member’s amounts.
Keep a copy of this schedule for each member with your income tax records. Do not send Schedule K-1-P(3) to your
members or submit it to the Department unless we specifically request it from you.
Schedule K-1-P(3) (R-12/15)
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