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Illinois Department of Revenue IL-2220 Computation of Penalties for Businesses IL Attachment No. 19 Attach to your Forms IL-1120 IL-1120-ST IL-1065 IL-1041 or IL-990-T Read this information first - We encourage you to let us figure your penalties and send you a bill instead of completing this form yourself. You must complete this form if you are using the annualized income installment method for late-payment penalty for underpayment of estimated ...
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il-2220 is a form used by the Illinois Department to report and calculate estimated tax payments.
Individuals and businesses who are required to make estimated tax payments in Illinois are required to file il-2220.
il-2220 should be completed with accurate income and estimated tax payment information for the year.
The purpose of il-2220 is to ensure that individuals and businesses are making accurate and timely estimated tax payments to the Illinois Department.
Information such as income, deductions, credits, and estimated tax payments must be reported on il-2220.
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