Illinois Pass-through Withholding Calculation for Nonresident Members

Pass-through Withholding Calculation for Nonresident Members
Schedule K-1-T(3), Pass-through Withholding Calculation for Nonresident Members
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Illinois Department of Revenue				 Y
	 ear ending
Pass-through Withholding Calculation
		
for Nonresident Members
	
				
____ 	 ____	

Schedule K-1-T(3)

	

Month	Year	
To be completed by trusts filing Form IL-1041					

Read this information first:
•	 For tax year ending on December 31, 2014, only. If you are a fiscal filer, do not use this schedule. Use Schedule K-1-T(3)-FY.
•	 You must complete Schedule K-1-T(3) for each of your nonresident beneficiaries who have not submitted a Form IL-1000-E to you.
•	 Do not complete Schedule K-1-T(3) for any member who is a resident or who has submitted Form IL-1000-E to you.
Keep this schedule with your income tax records. You must send us this information if we request it.

Step 1:	 Identify your trust

	1	 ___________________________________________________	 2	 ____ ____ - ____ ____ ____ ____ ____ ____ ____
		

	 Enter your name as shown on your Form IL-1041.	

		
Enter your federal employer identification number (FEIN).

Step 2:	 Identify your nonresident beneficiary
	3		___________________________________________________	 4	_____________________________________________________
		
Name		
Social Security number or FEIN

	5	 Check the appropriate box to identify this nonresident beneficiary’s organization type.
		
		

individual	
partnership	

corporation	
S corporation	

trust
estate

Step 3:	 Figure your nonresident beneficiary’s pass-through withholding
If this member is a resident or has submitted Form IL-1000-E to you, do not complete this schedule for this member.

	 6	 Add the amounts from this member’s Schedule K-1-T, Step 3, Column B, Lines 11 through 16 and 18 and
		 enter the total here. This is your member’s share of nonbusiness income allocable to Illinois
		 before modifications and credits.			

	

6

	 7	 Add the amounts from this member’s Schedule K-1-T, Step 4, Column B, Lines 19 through 22, 25, 28, and
		 29 and enter the total here. This is your member’s share of business income allocable to Illinois before
		 modifications and credits.				 7	

	 8	 Add Line 6 and Line 7 and enter the result. 			
	 9	 Add the amounts from this member’s Schedule K-1-T, Column B, Lines 30 through 35 and enter the total

8	

		 here. This is your member’s share of additions allocable to Illinois.			

9	

	10	 Add Line 8 and Line 9 and enter the result. 			

10	

	11	 Add the amounts from this member’s Schedule K-1-T, Column B, Lines 36a through 45 and enter the total

		 here. This is your member’s share of 	subtractions allocable to Illinois. 			 11	

	12	 Subtract Line 11 from Line 10. If negative, enter zero. This is your member’s share of Illinois income
		 subject to pass-through withholding. See instructions.			

12	

	13	 Figure this member’s pass-through withholding payment. If this member is a
		

nonresident individual or estate, multiply Line 12 by 5% (.05) and enter the result.		

		

partnership or S corporation, multiply Line 12 by 1.5% (.015) and enter the result.

		
nonresident trust, multiply Line 12 by 6.5% (.065) and enter the result.
		 corporation, multiply Line 12 by 9.5% (.095) and enter the result.
	
	
	

This is your member’s total pass-through withholding payment. 	Report this amount on this member’s
Schedule K-1-T, Step 7, Line 49. You must also report this 	amount on your Form IL-1041,
Schedule D, Step 2, Column G, on the line which reports this member’s amounts.	

13	

Keep a copy of this schedule for each member with your income tax records. Do not send
Schedule K-1-T(3) to us unless we specifically request it from you.
	

Schedule K-1-T(3) (R-01/15)

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