×
tax forms found in
Tax Form Code
Tax Form Name

Illinois Free Printable 2016 Schedule K-1-T(3), Pass-through Withholding Calculation for Nonresident Members for 2020 Illinois Pass-through Withholding Calculation for Nonresident Members

It appears you don't have a PDF plugin for this browser. Please use the link below to download 2019-illinois-schedule-k-1-t-3.pdf, and you can print it directly from your computer.

Pass-through Withholding Calculation for Nonresident Members
2016 Schedule K-1-T(3), Pass-through Withholding Calculation for Nonresident Members

Use your mouse or Tab key to move through the fields. Use your mouse or space bar to enable check boxes. *78312191W* Illinois Department of Revenue Y ear ending Pass-through Withholding Calculation 2019 Schedule K-1-T(3) ____ ____ for Nonresident Members Month Year To be completed by trusts filing Form IL-1041 Read this information first: • For tax years ending on or after December 31, 2019, and before December 31, 2020. • 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. See instructions before completing. 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. See instructions before completing. 7 8 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 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. If this member is an individual, partnership, trust, or estate and received Illinois August 1, 1969, appreciation amounts from you, see instructions. 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. If this member is a nonresident individual or estate, multiply Line 12 by 4.95% (.0495) 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 6.45% (.0645) 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. 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, Section B, 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 your members or submit it to the Illinois Department of Revenue unless we specifically request it from you. This form is authorized as outlined by the Illinois Income Tax Act. Disclosure of this information is REQUIRED. Failure to provide this information could result in a penalty. Reset Schedule K-1-T(3) (R-12/19) Print Printed by the authority of the State of Illinois - web only, 1 copy
Extracted from PDF file 2019-illinois-schedule-k-1-t-3.pdf, last modified July 2019

More about the Illinois Schedule K-1-T-3 Corporate Income Tax Nonresident TY 2019

We last updated the Pass-through Withholding Calculation for Nonresident Members in March 2020, so this is the latest version of Schedule K-1-T-3, fully updated for tax year 2019. You can download or print current or past-year PDFs of Schedule K-1-T-3 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 K-1-T-3.

Form Code Form Name
Schedule K-1-T-2 Beneficiary's Instructions
Schedule K-1-P Partner's or Shareholder's Share of Income, Deductions, Credits, and Recapture
Schedule K-1-P-3 Pass-through Withholding Calculation for Nonresident Members
Schedule K-1-T Beneficiary's Share of Income and Deductions
Schedule K-1-T-1 Instructions for Trusts and Estates Completing Schedule K-1-T and Schedule K-1-T-3)

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 K-1-T-3 from the Department of Revenue in March 2020.

Show Sources >

Schedule K-1-T-3 is an Illinois Corporate Income Tax form. Many states have separate versions of their tax returns for nonresidents or part-year residents - that is, people who earn taxable income in that state live in a different state, or who live in the state for only a portion of the year. These nonresident returns allow taxpayers to specify which which income is subject to the state's taxes, and which is not.

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 K-1-T-3

We have a total of six past-year versions of Schedule K-1-T-3 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2019 Schedule K-1-T-3

2016 Schedule K-1-T(3), Pass-through Withholding Calculation for Nonresident Members

2018 Schedule K-1-T-3

2018 Schedule K-1-T(3), Pass-through Withholding Calculation for Nonresident Members

2017 Schedule K-1-T-3

2017 IL-1041 Schedule K-1-T(3), Pass-through Withholding Calculation for Nonresident Members

2016 Schedule K-1-T-3

2016 Schedule K-1-T(3), Pass-through Withholding Calculation for Nonresident Members

Pass-through Withholding Calculation for Nonresident Members 2015 Schedule K-1-T-3

2015 Schedule K-1-T(3), Pass-through Withholding Calculation for Nonresident Members

Schedule K-1-T(3), Pass-through Withholding Calculation for Nonresident Members 2014 Schedule K-1-T-3

Schedule K-1-T(3), Pass-through Withholding Calculation for Nonresident Members


TaxFormFinder Disclaimer:

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.

** This Document Provided By TaxFormFinder.org **
Source: http://www.taxformfinder.org/illinois/schedule-k-1-t-3