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Illinois Free Printable 2019 Schedule 1299-D, Income Tax Credits (for corporations and fiduciaries) for 2020 Illinois Income Tax Credits -for corporations and fiduciaries)

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Income Tax Credits -for corporations and fiduciaries)
2019 Schedule 1299-D, Income Tax Credits (for corporations and fiduciaries)

Use your mouse or Tab key to move through the fields. Use your mouse or space bar to enable check boxes. Illinois Department of Revenue Attach to your Form IL-1120, IL-1041, IL-990-T. For tax years ending on or after December 31, 2019. 2019 Schedule 1299-D *64012191W* Income Tax Credits (for corporations and fiduciaries) Enter your name as shown on your return. Year ending Month Year IL Attachment No. 3 – Enter your federal employer identification number (FEIN). Read this information before completing this form: Refer to Schedule 1299-I, Income Tax Credits Information and Worksheets, and Schedule 1299-D, Instructions, for information on how to complete this schedule. All figures should be rounded to whole dollars. If you are carrying forward credits from a previous year, you must refer to your 2018 Schedule 1299-D, Step 2 to determine the amount of available credit carryforward that you may use on this 2019 Schedule 1299-D. If you have more credits than lines available, attach a separate schedule in the same format with all the required information and complete Step 2, Line 18 on this schedule only. Step 1: Worksheet (Complete this step only if you earned this credit during your current tax year.) Research and Development - Follow the instructions on this worksheet to calculate the Research and Development credit amount to enter in Step 2, Column E. 1 Enter the amounts from Schedule 1299-I, Line 6 of the Research and Development Worksheet. A B Base period avg. expenses This year’s expenses 1___________________ 1 __________________ 2 Subtract Line 1, Column A from Line 1, Column B. If negative, enter zero. 2 __________________ 3 Multiply Line 2 by 6.5% (.065). Enter the result here and in Step 2, Column E on the line with “5” in Column A and Credit Code 5340 in Column B. 3 __________________ Step 2: Figure your Credit - All credits being claimed or established must be listed in Step 2 even if they are not being used in the current year. 4 Enter your income tax from Form IL-1120, Step 7, Line 47; Form IL-1041, Step 6, Line 44; or Form IL-990-T, Step 5, Line 23. 4 __________________ 5 Enter your Credit for Income Tax Paid to Another State from Form IL-1041, Schedule CR, Line 59 (Form IL-1041 filers only, all others enter zero). 5 __________________ 6 Subtract Line 5 from Line 4. If the amount is zero or negative, enter zero. 6 __________________ A B C D E F G H I J Years Left Credit IL Tax Year Identifying Number to Carry Code Credit Earned Credit Earned or Carried Distributive Share or Transfer Total Calculation Credit Credit Applied Credit Carryforward 7 ______ ______ _______ ________________________ _____________ _____________ _____________ _____________ _____________ _____________ 8 ______ ______ _______ ________________________ _____________ _____________ _____________ _____________ _____________ _____________ 9 ______ ______ _______ ________________________ _____________ _____________ _____________ _____________ _____________ _____________ 10 ______ ______ _______ ________________________ _____________ _____________ _____________ _____________ _____________ _____________ 11 ______ ______ _______ ________________________ _____________ _____________ _____________ _____________ _____________ _____________ 12 ______ ______ _______ ________________________ _____________ _____________ _____________ _____________ _____________ _____________ 13 ______ ______ _______ ________________________ _____________ _____________ _____________ _____________ _____________ _____________ 14 ______ ______ _______ ________________________ _____________ _____________ _____________ _____________ _____________ _____________ 15 ______ ______ _______ ________________________ _____________ _____________ _____________ _____________ _____________ _____________ 16 ______ ______ _______ ________________________ _____________ _____________ _____________ _____________ _____________ _____________ 17 ______ ______ _______ ________________________ _____________ _____________ _____________ _____________ _____________ _____________ 18 Follow the Schedule 1299-D Instructions to determine the amount of credit you may claim this year. Enter the amount here and on your Form IL-1120, Line 48, Form IL-1041, Line 46, or Form IL-990-T, Line 24. Schedule 1299-D (R-12/19) 18 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. Printed by the authority of the State of Illinois - web only, 1 copy Reset Print
Extracted from PDF file 2019-illinois-schedule-1299-d.pdf, last modified July 2019

More about the Illinois Schedule 1299-D Corporate Income Tax Tax Credit TY 2019

We last updated the Income Tax Credits -for corporations and fiduciaries) in March 2020, so this is the latest version of Schedule 1299-D, fully updated for tax year 2019. You can download or print current or past-year PDFs of Schedule 1299-D directly from TaxFormFinder. You can print other Illinois tax forms here.

Related Illinois Corporate Income Tax Forms:

TaxFormFinder has an additional 75 Illinois income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Illinois Schedule 1299-D.

Form Code Form Name
Schedule 1299-C Income Tax Subtractions & Credits For Individuals
Schedule 1299-S Enterprise Zones, Foreign Trade Zones, and Sub-Zones
Schedule 1299-A Tax Subtractions and Credits -for partnerships and S corporations)
Schedule 1299-B River Edge Redevelopment Zone or Foreign Trade Zone -or sub-zone) Subtractions -for corporations and fiduciaries)

Download all IL tax forms View all 76 Illinois Income Tax Forms

Form Sources:

Illinois usually releases forms for the current tax year between January and April. We last updated Illinois Schedule 1299-D from the Department of Revenue in March 2020.

Show Sources >

Schedule 1299-D is an Illinois Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

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 Schedule 1299-D

We have a total of five past-year versions of Schedule 1299-D in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2019 Schedule 1299-D

2019 Schedule 1299-D, Income Tax Credits (for corporations and fiduciaries)

2018 Schedule 1299-D

2016 Schedule 1299-D, Income Tax Credits (for corporations and fiduciaries)

2016 Schedule 1299-D

2016 Schedule 1299-D, Income Tax Credits (for corporations and fiduciaries)

Income Tax Credits -for corporations and fiduciaries) 2015 Schedule 1299-D

2015 Schedule 1299-D, Income Tax Credits (for corporations and fiduciaries)

2014 Schedule 1299-D 2014 Schedule 1299-D

2014, Schedule 1299-D - Income Tax Credits

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