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2024 Corporate Income Tax Forms

 

Name Instructions Description
IL-1120

PDF

Corporation Income and Replacement Tax Return

Update 07/18/2025 - In accordance with P.A. 104-0006, the instructions have been updated to provide guidance on how to report capital gains or losses from sales or exchanges of shares and of interests in pass-through entities. See the "Apportionment Formulas" section for more information.

IL-1120-V  

Payment Voucher for Corporation Income and Replacement Tax

To make a return or extension payment, use this voucher and Appendix A of Form IL-1120 Instructions.

To make an estimated payment, use this voucher and Appendix B of Form IL-1120 Instructions.

Important: Ensure the proper month and year of the filing period you wish to make a payment for is entered on the "Tax year ending" lines of the voucher.

​IL-1120-X
PDF
Amended Corporation Income and Replacement Tax Return
IL-1120-X-V  

Payment Voucher for Amended Corporation Income and Replacement Tax

Important: Ensure the proper month and year of the filing period you wish to make a payment for is entered on the "Tax year ending" lines of the voucher.

IL-477 PDF Replacement Tax Investment Credits
IL-2220 PDF Computation of Penalties for Businesses
IL-4562

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PDF

Special Depreciation

Update 07/31/2025 - The instructions have been updated to correspond with Public Law 119-21 that made significant changes to bonus depreciation, including restoring 100% bonus depreciation for property acquired and placed in service after January 19, 2025.

Schedule INL PDF Illinois Net Loss Adjustments for Cooperatives and REMIC Owners
Schedule INS PDF Tax for Foreign Insurers
Schedule J PDF Foreign Dividends
Schedule M PDF Other Additions and Subtractions (for businesses)
Schedule NB

PDF

 

Nonbusiness Income

Update 07/18/2025 - In accordance with P.A. 104-0006, the instructions have been updated to provide guidance on how to report capital gains or losses from sales or exchanges of shares and of interests in pass-through entities. See the instructions for Lines 7, 8, and 9 for more information.

Schedule NLD PDF Illinois Net Loss Deduction
Schedule UB
PDF Combined Apportionment for Unitary Business Group
Schedule UB/INS PDF Tax for a Unitary Business Group with Foreign Insurer Members
Schedule UB/NLD PDF Unitary Illinois Net Loss Deduction
Schedule 80/20 PDF Related-Party Expenses
Schedule 1299-B PDF
River Edge Redevelopment Zone or Foreign Trade Zone (or sub-zone) Subtractions (for corporations and fiduciaries)
Schedule 1299-D

PDF

Income Tax Credits (for corporations and fiduciaries)
Schedule 1299-I  

Income Tax Credits Information and Worksheets

Updated 03/25/2025 - Taxpayers claiming the REV Illinois Investment Credit or MICRO Investment Credit are now required to attach a copy of their worksheet rather than a DCEO certificate.

Schedule 4255

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PDF

 
Subgroup Schedule (UB) PDF
Subgroup Schedule