Form Il-505-B - Automatic Extension Payment For 2015 Page 2
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1
2We will bill you for penalties and interest. For more information about
If you need additional assistance,
penalties and interest, see Publication 103, Penalties and Interest for
• visit our website at tax.illinois.gov;
Illinois Taxes.
• call our Taxpayer Assistance Division, at 1 800 732-8866, or
What if I need additional forms or assistance?
217 782-3336;
• call our TDD (telecommunications device for the deaf) at
If you need additional forms,
1 800 544-5304; or
• visit our website at tax.illinois.gov; or
• write to us at P.O. Box 19044, Springfield, Illinois 62794-9044.
• write to us at P.O. Box 19010, Springfield, Illinois 62794-9010.
Our office hours are 8:00 a.m. to 5:00 p.m., Monday through Friday.
Tax Payment Worksheet for Your Records
1
Enter the total income and replacement taxes you expect to owe (including recapture of investment credits,
pass-through withholding payments you will owe on behalf of your members, and Compassionate Use of
1
Medical Cannabis Pilot Program Act Surcharge).
2
Enter your Illinois estimated income and replacement tax payments, prepayments you made
2
on Form IL-516-I or IL-516-B, and any overpayment you elected to be credited to 2015.
3
Enter any withholding reported to you or pass-through withholding payments made
3
on your behalf.
4
4
Enter the tax payment made with any previous Form IL-505-B.
5
5
If you are a resident fiduciary, enter any credit for income tax paid to other states.
6
If you are a corporation, exempt organization, or a fiduciary, enter the estimated income
6
tax credits from Schedule 1299-D, Income Tax Credits.
7
Enter the estimated replacement tax investment credits from Form IL-477, Replacement
7
Tax Investment Credit.
8
If you are a corporation, enter the total of any Foreign Insurer income and replacement
8
tax reduction from Form IL-1120, Step 8, Lines 50a and 51a.
9
9
Add lines 2 through 8. This is the total of your tax payments and credits.
10
Subtract Line 9 from Line 1. This is your tentative tax due. Enter the result here and on Form IL-505-B.
10
Pay this amount with your Form IL-505-B.
Do not attach your federal Form 7004 to your Form IL-505-B.
Tax Payment Worksheet Instructions
Line 4 —
Enter the amount of Illinois income and replacement tax
you paid with any previous Form IL-505-B for this tax year.
Line 1
— Enter the total amount of income and replacement
Line 5
—
— Resident fiduciaries
enter the estimated Illinois
taxes you expect to owe for the tax year, including any recapture of
credit for income tax paid to other states (the sum of Schedule CR,
investment tax credit that you expect to report on Schedule 4255,
Step 5, Lines 59 and 60). See the instructions for Schedule CR
Recapture of Investment Tax Credits, pass-through withholding
(Form IL-1041), Credit for Tax Paid to Other States.
payments you will owe on behalf of your members on your tax return
(on your Schedule B or Schedule D), and any Compassionate Use of
Line 6 —
—
Corporations, exempt organizations, or fiduciaries
enter
Medical Cannabis Pilot Program Act Surcharge.
the total of any estimated income tax credits (including any credit
Line 2 —
Enter the total amount of estimated income and
carryforward) from Schedule 1299-D.
replacement tax paid with Form IL-1120-ES, the total amount of
Line 7 —
Enter the amount of any estimated replacement tax
prepayments you made with Form IL-516-I and Form IL-516-B, and
investment credits from Form IL-477.
any overpayment you elected to be credited for this tax year.
Line 8 —
—
Corporations only
enter the total of any Foreign Insurer
Line 3 —
Enter the total amount of Illinois income tax withheld on
income and replacement tax reduction from Form IL-1120.
Forms W-2 or W-2G, and the amount of pass-through withholding
Line 9 —
Follow the instructions on the worksheet.
payments made on your behalf and reported to you on Illinois
Line 10 —
Schedule K-1-P, Partner’s or Shareholder’s Share of Income,
If Line 10 is $1 or more, you must file Form IL-505-B and
Deductions, Credits, and Recapture, or K-1-T, Beneficiary’s Share of
pay the amount due. If Line 10 is less than $1, you do not have to pay
Income and Deductions.
or file Form IL-505-B.
IL-505-B back (R-01/16)
If no payment is due or you make your payment electronically,
do not file Form IL-505-B.
This form is authorized as outlined by the Illinois Income Tax Act. Disclosure of this
information is REQUIRED. Failure to provide information could result in a penalty.
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