Form Il-1023-C - Composite Income And Replacement Tax Return - 2011
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Illinois Department of Revenue
*131901110*
2011 Form IL-1023-C
Composite Income and Replacement Tax Return
Due on or before the 15th day of the 4th month following the close of the tax year.
If this return is not for calendar year 2011, write your fiscal tax year here.
Write the amount you are paying.
$________________________
Tax year beginning _____ _____ 2011, ending _____ _____ 20_____
month
day
month
day
year
Step 1: Provide the following information
D
Write your federal employer identification no. (FEIN).
A
Write your complete legal business name.
If you have a name change check this box.
___ ___ - ___ ___ ___ ___ ___ ___ ___ 6 6 6
Seq. code
_______________________________________________________
Name:
E
Check the box that identifies
B
the return you filed.
If you have an address change or this is a first return, check this box and
complete the following information.
Form IL-1065
_______________________________________________________
C/O:
Form IL-1120-ST
__________________________________________________
Mailing address:
F
Check if the partners or shareholders
included are trust members.
____________________________
______
___________
City:
State:
ZIP:
G Check if the partners or shareholders
included are individuals and/or estate
C
Check the box if one of the following apply.
members only.
first return
final return (If final, write the date. ___ ___ ______)
mm dd
yyyy
Step 2: Figure your income and net income tax
1
a
1a
Modified base income of the partnership or S corporation.
______________ 00
.
b
Total percentage of ownership for resident members.
1b ___
(Write the percentage as a decimal and carry to six decimal places.)
____________
c
1c
Multiply Line 1a by Line 1b.
______________ 00
2 a
2a
Modified base income allocable to Illinois.
______________ 00
b
.
Total percentage of ownership for nonresident members.
2b ___
(Write the percentage as a decimal and carry to six decimal places.)
____________
c
2c
Multiply Line 2a by Line 2b.
______________ 00
3
3
Add Lines 1c and 2c. This amount is your income.
______________ 00
4
4
Income tax. Multiply Line 3 by 5% (.05).
______________ 00
5
5
Recapture of investment credits. Attach Schedule 4255.
______________ 00
6
6
Income tax before investment credits. Add Lines 4 and 5.
______________ 00
7
7
Income tax credits. Attach Schedule 1299-A and see instructions.
______________ 00
8
8
Net income tax. Subtract Line 7 from Line 6.
______________ 00
Step 3: Figure your net replacement tax
(Complete only if this return includes any trust members.)
9
9
Income included in Line 3 that is subject to replacement tax.
______________ 00
10
10
Replacement tax. Multiply Line 9 by 1.5% (.015).
______________ 00
1 1
11
Recapture of investment credits. Attach Schedule 4255.
______________ 00
1 2
12
Replacement tax before investment credits. Add Lines 10 and 11.
______________ 00
1 3
13
Investment credits. Attach Form IL-477.
______________ 00
1 4
14
Net replacement tax. Subtract Line 13 from Line 12.
______________ 00
NS
DR________
IL-1023-C front (R-12/11)
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