Get 2022 Form Il-1120-st, Small Business Corporation Replacement Tax Return

To file online, use a tax professional or tax preparation software. All you need is a valid Illinois driver's license number or an Illinois identification card number. If you do not use one of these methods, you can download the tax return from our website and file a paper return.

Illinois also requires traditional corporations, S corporations, LLCs, and partnerships to pay a personal property replacement tax. This tax is based on a business's net income. For traditional corporations, the tax is 2.5% of net income, and for other forms of business, the tax is 1.5% of net income.

This tax replaces money lost by local governments when their power to impose personal property taxes was taken away. Replacement tax is collected from corporations, subchapter S corporations, partnerships, and trusts by the State of Illinois and paid to local governments.

You can electronically file Forms IL-1120, Corporation Income and Replacement Tax Return; IL-1065, Partnership Replacement Tax Return; IL-1120-ST, Small Business Corporation Replacement Tax Return; IL-1041, Fiduciary Income and Replacement Tax Return; and any attachments and payments through our partnership with the ...

ILLINOIS DEPARTMENT OF REVENUE. PO BOX 19053. SPRINGFIELD IL 62794-9053. If a payment is not enclosed, mail your Form IL-1120-ST to: ILLINOIS DEPARTMENT OF REVENUE. PO BOX 19032. SPRINGFIELD IL 62794-9032.

2022 Form IL-1120-ST. Small Business Corporation Replacement Tax Return. Due on or before the 15th day of the 3rd month following the close of the tax year. If this return is not for calendar year 2022, enter your fiscal tax year here.

Providers and Large Taxpayers authorized to participate in the Internal Revenue Service e-file program can file Forms 1120 (U.S. Corporation Income Tax Return), 1120-F (U.S. Income Tax Return of a Foreign Corporation), and 1120-S (U.S. Income Tax Return for an S Corporation) through Modernized e-File.