Form Il-516-I And Form Il-516-B Worksheet - 2016 Page 3
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7Form IL-516-I and Form IL-516-B Worksheet
2016
Step 4: Figure your pass-through withholding prepayments for nonresident trust members.
Complete each step that corresponds to the box you checked in Step 1. If you do not complete this step, enter “0” on Step 4,
Line 11, and Step 7, Line 3.
If you have nonresident trust members that you wish to voluntarily prepay pass-through withholding for, complete this worksheet. Keep
this record for your files.
1
Enter your nonresident trust members’ share of business income apportioned to Illinois
1
expected in 2016 (cannot be less than zero).
2
Enter your nonresident trust members’ share of nonbusiness income allocable to Illinois
2
expected in 2016 (cannot be less than zero).
3
Add Lines 1 and 2 and enter the result.
3
4
Multiply Line 3 by 1.5% (.015) and enter the result.
4
5
Partnership and S corporation filers only - Enter the amount of Illinois replacement tax
investment credits expected in 2016 to be passed to the members whose income is included
on Lines 1 or 2.
5
6
6
Subtract Line 5 from Line 4 and enter the result.
7
Multiply Line 3 by 3.75% (.0375) and enter the result.
7
8
Partnership and S corporation filers only - Enter the amount of Illinois income tax credits
8
expected in 2016 to be passed to the members whose income is included on Lines 1 or 2.
9
9
Subtract Line 8 from Line 7 and enter the result.
10
Add Line 6 and Line 9 and enter the result.
10
11
Divide Line 10 by 4. This is the amount of each of your voluntary prepayments for nonresident
trust members. Enter this amount on Step 7, Line 3.
11
Step 5: Figure your pass-through withholding prepayments for corporation members.
Complete each step that corresponds to the box you checked in Step 1. If you do not complete this step, enter “0” on Step 5,
Line 11, and Step 7, Line 4.
If you have corporation members that you wish to voluntarily prepay pass-through withholding for, complete this worksheet. Keep this
record for your files.
1
Enter your corporation members’ share of business income apportioned to Illinois expected in
1
2016 (cannot be less than zero).
2
Enter your corporation members’ share of nonbusiness income allocable to Illinois expected in
2
2016 (cannot be less than zero).
3
3
Add Lines 1 and 2 and enter the result.
4
Multiply Line 3 by 2.5% (.025) and enter the result.
4
5
Partnership and S corporation filers only - Enter the amount of Illinois replacement tax
investment credits expected in 2016 to be passed to the members whose income is included
on Lines 1 or 2.
5
6
6
Subtract Line 5 from Line 4 and enter the result.
7
7
Multiply Line 3 by 5.25% (.0525) and enter the result.
8
Partnership and S corporation filers only - Enter the amount of Illinois income tax credits
8
expected in 2016 to be passed to the members whose income is included on Lines 1 or 2.
9
Subtract Line 8 from Line 7 and enter the result.
9
10
10
Add Line 6 and Line 9 and enter the result.
11
Divide Line 10 by 4. This is the amount of each of your voluntary prepayments for corporation
members. Enter this amount on Step 7, Line 4.
11
Form IL-516 Instructions (R-12/15)
Page 3 of 7
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