Form Il-505-B - Automatic Extension Payment For 2011

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Illinois Department of Revenue
IL-505-B
Automatic Extension Payment
What is the purpose of Form IL-505-B?
required to file Form IL-505-B to obtain this extension if no tentative tax
is due.
Form IL-505-B, Automatic Extension Payment, provides taxpayers who
Additional federal extension beyond six months —
We
are unable to file their return by the due date a means of calculating
will grant you an additional extension to file of more than six months
and remitting their tentative tax liability on or before the original due
(seven months for corporations) if the Internal Revenue Service (IRS)
date of the return (see “When should I file and pay?”).
grants you an additional extension.
Who must file Form IL-505-B?
If you do not owe any tentative tax, you are not required to file Form
You must file Form IL-505-B if all of the following apply to you:
IL-505-B. However, you must attach a copy of the approved federal
• you are a corporation, small business corporation, partnership,
extension to your annual return when you file it.
fiduciary, or an exempt organization and you cannot file your
When should I file and pay?
annual tax return by the due date, and
You must file your completed
Form IL-505-B,
and pay any tentative
• you complete the Tax Payment Worksheet on the back of this
tax amount you owe by the original due date of your tax return or as
page and determine that you will owe a tentative tax, and
soon as you realize you owe tentative tax. This includes annual and
• you submit your payment by paper check or money order (i.e.,
short-year returns. The due date depends on the type of tax return
you do not use any electronic means, such as electronic funds
that you file. Refer to the following list of return due dates.
transfer, to make your payments).
All dates refer to the months following the close of the taxable year.
If
Line 9 of
the worksheet shows you owe tentative tax, you must file
For
Due date
this form and pay the full amount due. An extension of time to file
• corporations, subchapter
does not extend the amount of time you have to make your
S corporations
the 15th day of the 3rd month
payment.
• partnerships, fiduciaries,
Unitary group: If you are a member of a unitary business group that
composites, exempt organizations
is filing a combined return, your designated agent must complete one
(employee trusts only)
the 15th day of the 4th month
Form IL-505-B for the entire group as though it is one taxpayer.
• exempt organizations (all others) the 15th day of the 5th month
Federal consolidated group: If you are a member of a federal
• cooperatives
the 15th day of the 9th month
consolidated group, you must file a separate Form IL-505-B for each
If you file federal Form 1120, U.S. Corporation Income Tax
member that is required to file an Illinois tax return. We will not grant
Return, and the original due date is later than the 15th day of the 3rd
“blanket” or consolidated extensions.
month, your Form IL-1120 and your payment will be due at the same
Form IL-1023-C filers: If you are filing Form IL-505-B for an extension
time as your federal Form 1120.
to file your Form IL-1023-C, you must write “666” on the “SEQ” line
Make your check or money order payable to “Illinois Department of
on this form.
Revenue.” Be sure to write your FEIN, tax year, and “IL-505-B” on
Do not file Form IL-505-B if:
your payment. Mail your Form IL-505-B, with your payment, to
• after completing the Tax Payment Worksheet, you find that you do
ILLINOIS DEPARTMENT OF REVENUE
not owe additional tax, or
PO BOX 19045
• you make your extension payment by Electronic Funds Transfer
SPRINGFIELD IL 62794-9045
or WebPay.
You may be required to make your payments
Please be aware that if an unpaid liability is disclosed when
electronically. For more information, see Informational
you file your return, you may owe penalty and interest charges in
Bulletin FY 2011-01.
addition to the tax. See “What are the penalties and interest?”
What are the penalties and interest?
What are the extensions?
Penalties — You will owe
Automatic Illinois extension —
We grant you an automatic
• a late-filing penalty if you do not file a processable return by the
six-month (seven-month for corporations) extension to file your annual
extended due date;
return whether or not you request the automatic extension. You are not
• a late-payment penalty if you do not pay the tax you owe by the
IL-505-B front (R-12/11)
original due date of the return;
— — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — —
Illinois Department of Revenue
IL-505-B
Automatic Extension Payment for 2011
Official use only
(R-12/11)
If no payment is due or you make your payment by
Tax year ending
Electronic Funds Transfer or WebPay, do not file this form.
____ ___ ___ ___
Month
Year
FEIN:
___ ___ - ___ ___ ___ ___ ___ ___ ___
SEQ: ___ ___ ___
Name of
$
Organization
________________________________________________________
Print your payment amount on this line.
C/O:
________________________________________________________
Make your check or money order payable to
“Illinois Department of Revenue” and return the
Mailing
voucher and payment to
address
________________________________________________________
:
ILLINOIS DEPARTMENT OF REVENUE
PO BOX 19045
City:
___________________________
______ ZIP: __________
State:
SPRINGFIELD IL 62794-9045
Phone:
(______) ___________________
*237901110*
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