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What do I have to do to get an extension for business income tax?

Answer #2 -- ( Published 07/21/2005 10:46 AM | Updated 02/21/2018 9:04 AM )

What do I have to do to get an extension for business income tax?

We grant an automatic extension of time to file your business income tax return based on the return type and due date. This extension does not grant you an extension of time to pay any tax you owe. If you determine that you will owe tax, you must file  Form IL-505-I, Automatic Extension Payment for Individuals, to pay any tax you owe in order to avoid penalty and interest on tax not paid by the original due date of your return. If you do not expect to owe tax, you do not have to do anything.

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