Fillable Printable Il-1041 - Illinois Department Of Revenue

Il-1041 - Illinois Department Of Revenue

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IL-1041 (R-12/13)

Illinois Department of Revenue

2013 Form IL-1041

Fiduciary Income and Replacement Tax Return

Due on or before the 15th day of the 4th month following the close of the tax year.

If this return is not for calendar year 2013, write your ﬁscal tax year here.

Tax year beginning 20, ending 20

month day year month day year

Step 1:Identify your ﬁduciary

ACheck the box that identiﬁes your ﬁduciary.Trust Estate

BWrite your complete legal business name.

If you have a name change,check this box.

Name:

CWriteyour mailingaddress.

Ifyou have anaddresschange orthisisa ﬁrst return, checkthisbox.

C/O:

Mailing address:

City: State: ZIP:

DCheck the box if one of the following apply.

First return

Final return (If ﬁnal, write the date. )

mm dd yyyy

ECheck your method of accounting.

Cash AccrualOther

FCheck this box if you completed federal Form 8886, and

attach a copy to this return.

Step 2:Figure your income or loss

A B

Beneﬁciaries Fiduciary

1Federal taxable income from U.S. Form 1041, Line 22.1

2Federal net operating loss deduction from

U.S. Form 1041, Line 15b.This amount cannot be negative.2

3Taxable income of ESBT, if required.See instructions.3

4Exemption claimed on U.S. Form 1041, Line 20.4

5Illinois income and replacement tax deducted in arriving at Line 1.5a

6State, municipal, and other interest income excluded from Line 1.6a

7Illinois Special Depreciation addition.Attach Form IL-4562.7a

8Related-party expenses addition.Attach Schedule 80/20.8a

9Distributive share of additions.Attach Schedule(s) K-1-P or K-1-T.9a

10Other additions.Attach Illinois Schedule M (for businesses).10a

10b

11Add Column B, Lines 1 through 10b.This amount is your income or loss.11

Report Column A, Lines 5a through 10a, on Schedule K-1-T, Step 5.

NS DR

GWrite your federal employer identiﬁcation no. (FEIN).

HCheck the box if you are an:

Electing small business trust (ESBT)

Individual bankruptcy estate

ICheckthis boxifyourresidency is not in

Illinois andyou attached Illinois Schedule NR.

J Check this box if you attached Illinois

Schedule 1299-D.

KCheck this box if you attached Illinois

Schedule I.

L Check this box if you attached Form IL-4562.

MCheck this box if you attached Illinois

Schedule M (for businesses).

NCheck this box if you attached Schedule 80/20.

OIfyou aremakinga DischargeofIndebtedness

adjustmenton ScheduleNLDorForm IL-1041,Line28,

checkthisboxand attachfederalForm982.

Write the amount you are paying.

Attach your payment and Form IL-1041-V here.

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Use your mouse or Tab key to move through the fields. Use your mouse or space bar to enable check boxes.

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IL-1041 (R-12/13)

1212Write the amount of your income or loss from Line 11.

Step 3:Figure your base income or loss

A B

BeneﬁciariesFiduciary

1313a

13bAugust 1, 1969, valuation limitation amount.Attach Schedule F.

1414a

14bPayments from certain retirement plans. See instructions.

15Interest income from U.S.Treasury and other exempt federal obligations.15a

15b

1616a

16bRetirement payments to retired partners.

17River Edge Redevelopment Zone Dividend subtraction.

17a

17bAttach Schedule 1299-B.

18High Impact Business Dividend subtraction.Attach Schedule 1299-B.18a

18b

19Contributions to certain job training projects. See instructions.19a

19b

20Illinois Special Depreciation subtraction.Attach Form IL-4562.20a

20b

21Related-party expenses subtraction.Attach Schedule 80/20.21a

21b

22Distributive share of subtractions.Attach Schedule(s) K-1-P or K-1-T.22a

22b

23ESBT loss amount. See instructions.23a

23b

24Other subtractions.Attach Illinois Schedule M (for businesses).24a

24b

2525Total subtractions. Add Column B, Lines 13b through 24b.

Report Column A, Lines 13a through 24a, on Schedule K-1-T, Step 5.

2626Base income or loss.Subtract Line 25 from Line 12.

If you are a nonresident of Illinois, complete Schedule NR; otherwise go to Step 4.

Step 4:Figure your net income

2727Base income or net loss from Line 26, or, if a nonresident, from Schedule NR, Line 51.

2828Discharge of Indebtedness adjustment. Attach federal Form 982. See instructions.

2929Adjustedbase income or net loss. Add Lines 27 and 28.

30Illinois net loss deduction.Attach Schedule NLD.

30If Line 29 is zero or a negative amount, write “0.”

31Standard exemption.

Residents only:Write $1,000.

31Nonresidents only:Write the amount from Schedule NR, Line 54.

3232Add Lines 30 and 31.

33Net Income. Subtract Line 32 from Line 29.

33If the amount is negative, write “0.”

Step 5:Figure your net replacement tax — For trusts only, estates go to Step 6

3434Replacement tax. Multiply Line 33 by 1.5% (.015).

3535Recapture of investment credits.Attach Schedule 4255.

3636Replacement tax before investment credits. Add Lines 34 and 35.

3737Investment credits.Attach Form IL-477.

3838Net replacement tax. Subtract Line 37 from Line 36. If the amount is negative, write “0.”

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IL-1041 (R-12/13)

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.

39Write the amount of your net income from Line 33.39

Step 6:Figure your net income tax — For trusts and estates

40Income tax. Multiply Line 39 by 5% (.05).40

41Recapture of investment credits.Attach Schedule 4255.41

42Income tax before credits. Add Lines 40 and 41.42

43Credit for income tax paid to another state while an Illinois resident.

Attach Schedule CR.43

Income tax credits.Attach Schedule 1299-D.44

45Total credits. Add Lines 43 and 44.45

46Net income tax. Subtract Line 45 from Line 42. If the amount is negative, write “0.”46

Step 7:Figure your refund or balance due

47Trusts only: net replacement tax from Line 38.47

48Net income tax from Line 46.48

49 Compassionate Use of Medical Cannabis Pilot Program Act Surcharge.Fiscal ﬁlers only. See instr.49

50Total net income and replacement taxes and surcharge.Add Lines 47, 48, and 49.50

51 Payments.

a Illinois Income Tax withheld.Attach forms W-2 and W-2G.51a

bCredit from 2012 overpayment.51b

c Form IL-505-B (extension) payment.51c

d Pass-through entity payments.Attach Schedule(s) K-1-P or K-1-T.51d

52Total payments. Add Lines 51a through 51d.52

53Overpayment. If Line 52 is greater than Line 50, subtract Line 50 from Line 52.53

54Amount to be credited to 2014. 54

55Refund. Subtract Line 54 from Line 53.This is the amount to be refunded.55

Complete to direct deposit your refund

Routing Number

Checking or

Savings

Account Number

57Tax Due. If Line 50 is greater than Line 52, subtract Line 52 from Line 50.

This is the amount you owe.57

If you owe tax on Line 57, complete a payment voucher, Form IL-1041-V, make your check payable to

“Illinois Department of Revenue” and attach them to the ﬁrst page of this form.

Write the amount of your payment on the top of Page 1 in the space provided.

Step 8:Sign here

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.

If a payment is not enclosed,

mail this return to: Illinois Department of Revenue, P.O. Box 19009, Springﬁeld, IL 62794-9009

If a payment is enclosed,

mail this return to: Illinois Department of Revenue, P.O. Box 19053,Springﬁeld, IL 62794-9053

Check this box if we may

discuss this return with the

preparer shown in this step.

Signature of ﬁduciary

Signature of preparer

Preparer’s ﬁrm name (or yours, if self-employed)AddressPhone

Date

Title

Preparer’s Social Security number or ﬁrm’s FEIN

Phone

( )

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IL-1041 (R-12/13)

Illinois Department of Revenue Year ending

Schedule D Beneﬁciary Information

Month Year

Attach to your Form IL-1041.

Write your name as shown on your Form IL-1041.Write your federal employer identiﬁcation number (FEIN).

Step 1:Provide the following information

1Write the amount from your Form IL-1041, Line 27.1

2Write the apportionment factor from your Form IL-1041, Schedule NR, Step 6, Line 3.2

Step 2:Identify your beneﬁciaries.Attach additional sheets if necessary.

A B C D E F G

Beneﬁciary’s Check the box if Pass-through Excluded from

amount of base the beneﬁciary entity payment pass-through

Beneﬁciary type income or loss is an Illinois amount entity payments

Name and Address SSN or FEIN (See instructions.) (See instr.) nonresident (See instr.) (See instr.)

7 Add the amounts shown in Column D for nonresident

beneﬁciaries for which you have entered a check mark

in Column E.Write the total here. (See instructions.)7

IL Attachment no. 1

Schedule D (R-12/13)

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