Illinois Amended Exempt Organization Income and Replacement Tax Return
Extracted from PDF file 2020-illinois-form-il-990-t-x.pdf, last modified May 2020
Amended Exempt Organization Income and Replacement Tax ReturnUse your mouse or Tab key to move through the fields. Use your mouse or space bar to enable check boxes. *31812201W* Illinois Department of Revenue 2020 IL-990-T-X Amended Exempt Organization Income and Replacement Tax Return For tax years ending on or after December 31, 2020 Indicate what tax year you are amending: Tax year beginning ____ ___ ____, ending ____ ___ ____ month day year month day Enter the amount you are paying. year If you are filing an amended return for tax years ending before December 31, 2020, you may not use this $_________________ form. For prior years, see instructions to determine the correct form to use. Step 1: Identify your exempt organization A Enter your complete legal business name. If you have a name change, check this box. Name: B Enter your mailing address. If you have an address change, check this box. being made. State change Finalized Partial agreed Enter the finalization date Attach your federal finalization to this return. Mailing address: City: State: ZIP: H Check this box if you are taxed as a corporation. C Throwback adjustment - see instructions. D Double throwback adjustment - see instructions. E Check this box if you are a 52/53 week filer. I Check this box if you are taxed as a trust. J Check this box if Schedule 1299-D is attached. K Check this box if your tax year began on or after January 1, 2021. Explain the changes on this return (Attach a separate sheet if necessary.): Step 2: Figure your base income or loss A B As most recently reported or adjusted (Whole dollars only) 1 Unrelated business taxable income or loss from U.S. Form 990-T, Line 39. 1 2 Illinois income and replacement tax and surcharge deducted in arriving at Line 1. 2 3 Base income or loss. Add Lines 1 and 2. 3 Federal change If a federal change, check one: C/O: Attach your payment and Form IL-990-T-X-V here. F Enter your federal employer identification number (FEIN). G Check the applicable box for the type of change Corrected amount (Whole dollars only) 00 1 00 00 00 2 3 00 00 A If the amount on Line 5 is derived inside Illinois only or if you 3 are an Illinois resident trust, check this box and enter the amount from Step 2, Line 3 on Step 4, Line 12. You may not complete Step 3. (You must leave Step 3, Lines 4 through 11 blank.) B If any portion of the amount on Line 3 is derived outside Illinois, check this box and complete all lines of Step 3. (Do not leave Lines 6 through 8 blank.) See instructions. Step 3: Figure your income allocable to Illinois (Complete only if you checked the box on Line B, above.) 4 Business income or loss included in Line 3 from non-unitary partnerships, partnerships included on a Schedule UB, S corporations, trusts, or estates. See instructions. 4 5 6 7 8 9 Business income or loss. Subtract Line 4 from Line 3. 7 Apportionment Factor. Divide Line 7 by Line 6. Round to six decimal places. 8 Total sales inside Illinois. This amount cannot be negative. Business income or loss apportionable to Illinois. Multiply Line 5 by Line 8. 10 11 5 Total sales everywhere. This amount cannot be negative. 6 9 Business income or loss apportionable to Illinois from non-unitary partnerships, partnerships included on a Schedule UB, S corporations, trusts, or estates. See instructions. Base income or loss allocable to Illinois. Add Lines 9 and 10. IL-990-T-X Front (R-12/20) 10 11 4 00 5 00 6 00 7 8 00 00 9 00 00 10 00 11 00 00 00 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. 00 00 00 *31812202W* A B As most recently Corrected reported or adjusted amount Step 4: Figure your net replacement tax 00 12 Net income or loss from Line 3 or Line 11. 12 13 Replacement tax. Corporations: multiply Line 12 by 2.5% (.025); 00 Trusts: multiply Line 12 by 1.5% (.015). 13 00 14 Recapture of investment credits. Attach Schedule 4255. 14 00 15 Replacement tax before investment credits. Add Lines 13 and 14. 15 00 16 Investment credits. Attach Form IL-477. 16 17 Net replacement tax. Subtract Line 16 from Line 15. 00 If the amount is negative, enter zero. 17 Step 5: Figure your net income tax 18 Net income or loss from Line 12. 18 19 Income tax. See Instructions. 19 20 Recapture of investment credits. Attach Schedule 4255. 20 21 Income tax before credits. Add Lines 19 and 20. 21 22 Income tax credits. Attach Schedule 1299-D. 22 23 Net income tax. Subtract Line 22 from Line 21. If the amount is negative, enter zero. 23 12 00 13 14 15 16 00 00 00 00 17 00 00 00 00 00 00 18 19 20 21 22 00 00 00 00 00 00 23 00 Step 6: Figure your refund or balance due 00 24 Net replacement tax from Line 17. 24 24 00 25 Net income tax from Line 23. 25 25 26 Compassionate Use of Medical Cannabis Program Act surcharge 00 26 See instructions. 26 00 27 Sale of assets by gaming licensee surcharge. See instructions. 27 27 28 Total net income and replacement taxes and surcharges. 00 Add Lines 24 through 27. 28 28 29 Payments. See instructions. a Credit from prior year overpayments. 29a b Total payments made before the date this amended return is filed. 29b c Pass-through withholding reported to you on Schedule(s) K-1-P or K-1-T. Attach Schedule(s) K-1-P or K-1-T. 29c d Illinois gambling withholding. Attach Form W-2G. 29d 30 Total payments. Add Lines 29a through 29d. 30 31 Previously paid penalty and interest. See instructions. 31 32 Total amount of overpayment (including any carryforward or refund) before the filing of this return for the year being amended. See instructions. 32 33 Add Lines 31 and 32. 33 34 Net tax paid. Subtract Line 33 from Line 30. 34 35 Overpayment. If Line 34 is greater than Line 28, subtract Line 28 from Line 34. 35 36 Amount of overpayment from Line 35 to be credited forward. See instructions. 36 Check this box and attach a detailed statement if this carryforward is going to a different FEIN. 37 Refund. Subtract Line 36 from Line 35. This is the amount to be refunded. 37 38 Tax due with this amended return. If Line 28 is greater than Line 34, subtract Line 34 from Line 28. 38 You will be sent a bill for any additional penalty and interest. 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 If you owe tax on Line 38, complete a payment voucher, Form IL-990-T-X-V. Write your FEIN, tax year ending, and “IL-990-T-X-V” on your check or money order and make it payable to “Illinois Department of Revenue.” Attach your voucher and payment to the front of this form. Enter the amount of your payment on the top of Page 1 in the space provided. Step 7: Sign below - 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. Sign Here ( Signature of authorized officer Paid Preparer Use Only Print/Type paid preparer’s name Date (mm/dd/yyyy) Check if the Department may discuss this return with the paid preparer shown in this step. ) Phone Title Date (mm/dd/yyyy) Paid preparer’s signature Check if self-employed Paid Preparer’s PTIN Firm’s name Firm’s FEIN Firm’s address Firm’s phone ( ) Mail this return to: Illinois Department of Revenue, PO Box 19016, Springfield, IL 62794-9016 IL-990-T-X Back (R-12/20) Printed by the authority of the State of Illinois - web only, 1 copy Reset Print
2017 IL-990-T-X Amended Exempt Organization Income and Replacement Tax Return
More about the Illinois Form IL-990-T-X Corporate Income Tax TY 2020
We last updated the Amended Exempt Organization Income and Replacement Tax Return in April 2021, so this is the latest version of Form IL-990-T-X, fully updated for tax year 2020. You can download or print current or past-year PDFs of Form IL-990-T-X directly from TaxFormFinder. You can print other Illinois tax forms here.
Related Illinois Corporate Income Tax Forms:
|Form Code||Form Name|
|Form IL-990-T||Exempt Organization Income and Replacement Tax Return|
|Form IL-990-T-V||Payment Voucher for Exempt Organization Income and Replacement Tax|
|Form IL-990-T-X-V||Payment Voucher for Amended Exempt Organization Income and Replacement Tax|
Illinois usually releases forms for the current tax year between January and April. We last updated Illinois Form IL-990-T-X from the Department of Revenue in April 2021.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Illinois Form IL-990-T-X
We have a total of nine past-year versions of Form IL-990-T-X in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2017 IL-990-T-X Amended Exempt Organization Income and Replacement Tax Return
2019 IL-990-T-X Instructions
2018 IL-990-T-X Amended Exempt Organization Income and Replacement Tax Return
2016 IL-990-T-X, Amended Exempt Organization Income and Replacement Tax Return
2014 IL-990-T-X, Amended Exempt Organization Income and Replacement Tax Return
While we do our best to keep our list of Illinois Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.