
Get the free Apportionment for Unitary Business Groups - tax illinois
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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. Illinois Department of Revenue *332701110 2013 Form IL-1120-ST Small Business Corporation Replacement
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What is apportionment for unitary business?
Apportionment for unitary business is the process of dividing business income between different states based on a formula.
Who is required to file apportionment for unitary business?
Companies that operate in multiple states and have a unitary relationship with affiliated entities are required to file apportionment for unitary business.
How to fill out apportionment for unitary business?
Apportionment for unitary business is typically filled out using specific forms provided by each state's Department of Revenue, following their guidelines and instructions.
What is the purpose of apportionment for unitary business?
The purpose of apportionment for unitary business is to fairly allocate business income to each state where the company operates, ensuring each state receives its appropriate share of tax revenue.
What information must be reported on apportionment for unitary business?
Information such as total income, property, and payroll in each state, as well as details of any intercompany transactions and adjustments, must be reported on apportionment for unitary business.
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