Form Il-1120-St - Small Business Corporation Replacement Tax Return - 2011 Page 3
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1
2
3
4Step 6: Figure your income allocable to Illinois
*132703110*
36
36
Nonbusiness income or loss. Attach Schedule NB.
_______________ 00
37
37
Trust, estate, and
non-unitary partnership business income or loss included in Line 35.
_______________ 00
38
38
Add Lines 36 and 37.
_______________ 00
39
39
Business income or loss. Subtract Line 38 from Line 35.
_______________ 00
40
40
Total sales everywhere. This amount cannot be negative.
___________________
41
41
Total sales inside Illinois. This amount cannot be negative.
___________________
.
42
42
Apportionment factor. Divide Line 41 by Line 40 (carry to six decimal places).
____
______________
43
43
Business income or loss apportionable to Illinois. Multiply Line 39 by Line 42.
_______________ 00
44
44
Nonbusiness income or loss allocable to Illinois. Attach Schedule NB.
_______________ 00
45
45
Trust, estate, and non-unitary partnership business income or loss apportionable to Illinois.
_______________ 00
46
46
Base income or net loss allocable to Illinois. Add Lines 43 through 45.
_______________ 00
Step 7: Figure your net income
47
47
Base income or net loss from Step 5, Line 35, or Step 6, Line 46.
_______________ 00
48
48
Discharge of Indebtedness adjustment. Attach federal Form 982. See instructions.
_______________ 00
49
49
_______________ 00
Adjusted base income or net loss. Add Lines 47 and 48.
50
Illinois net loss deduction. Attach Schedule NLD.
50
If Line 49 is zero or a negative amount, write “0”.
_______________ 00
51
51
Net income. Subtract Line 50 from Line 49.
_______________ 00
Step 8: Figure your net replacement tax
52
52
Replacement tax. Multiply Line 51 by 1.5% (.015).
_______________ 00
53
53
Recapture of investment credits. Attach Schedule 4255.
_______________ 00
54
54
Replacement tax before investment credits. Add Lines 52 and 53.
_______________ 00
55
55
Investment credits. Attach Form IL-477.
_______________ 00
56
56
Net replacement tax. Subtract Line 55 from Line 54. Write “0” if this is a negative amount.
_______________ 00
Step 9: Figure your refund or balance due
57
Payments
a
57a
Credit from 2010 overpayment.
_______________ 00
b
57b
Form IL-505-B (extension) payment.
_______________ 00
c
57c
Pass-through entity payments. Attach Schedule(s) K-1-P or K-1-T.
_______________ 00
d
57d
Gambling withholding. Attach Form(s) W-2G.
_______________ 00
58
58
Total payments. Add Lines 57a through 57d.
_______________ 00
59
59
Overpayment. If Line 58 is greater than Line 56, subtract Line 56 from Line 58.
_______________ 00
60
60
Amount to be credited to 2012.
_______________ 00
61
61
Refund. Subtract Line 60 from Line 59. This is the amount to be refunded.
_______________ 00
62
Tax Due. If Line 56 is greater than Line 58, subtract Line 58 from Line 56.
62
This is the amount you owe.
_______________ 00
Step 10: Sign here
Under penalties of perjury, I state that I have examined this return and, to the best of my knowledge, it is true, correct, and complete.
_____________________________________________ ___ / ___ / ____ _________________________
(_____)__________
Signature of authorized officer
Date
Title
Phone
_____________________________________________ ___ / ___ / ____ ____________________________________________
Signature of preparer
Date
Preparer’s Social Security number or firm’s FEIN
_____________________________________________ _______________________________________
(_____)__________
Preparer firm’s name (or yours, if self-employed)
Address
Phone
IL-1120-ST (R-12/11)
Page 3 of 4
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