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Illinois Department of Revenue. 2007 Form IL-1120-ST. Small Business Corporation Replacement Tax Return. Due on or before the 5th day of the 3rd month ...

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How to fill out 2007 form il-1120-st

01

To fill out the 2007 form IL-1120-ST, follow these steps:

02

Start by downloading the form from the official Illinois Department of Revenue website.

03

Gather all the necessary information and documents required for the form, including your business's financial records and tax identification number.

04

Begin filling out the form by entering your business's name, address, and federal identification number in the appropriate sections.

05

Provide details about your business's financial activities, such as gross receipts, deductions, and taxable income.

06

Complete the Schedule B-1 and Schedule 501-A sections if applicable to your business.

07

Carefully review the form for accuracy and make sure all the required fields are filled in.

08

Sign and date the form, and attach any supporting documents as required.

09

Submit the completed form IL-1120-ST to the Illinois Department of Revenue by the specified deadline.

10

Keep a copy of the filled-out form and all supporting documents for your records.

11

Note: It is recommended to consult with a tax professional or refer to the official instructions provided with the form for detailed guidance.

Who needs 2007 form il-1120-st?

01

The 2007 form IL-1120-ST is required to be filled out by C corporations and S corporations in Illinois that have elected to be treated as a Subchapter S corporation for federal income tax purposes.

02

Additionally, the form is specifically for income tax reporting for the tax year 2007.

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What is form il-1120-st?

Form IL-1120-ST is the Illinois Small Business Corporation Replacement Tax Return.

Who is required to file form il-1120-st?

Small business corporations in Illinois are required to file Form IL-1120-ST.

How to fill out form il-1120-st?

Form IL-1120-ST must be filled out with information such as income, deductions, credits, and tax liability for the small business corporation.

What is the purpose of form il-1120-st?

The purpose of Form IL-1120-ST is to report and calculate the replacement tax that small business corporations in Illinois owe.

What information must be reported on form il-1120-st?

Information such as income, deductions, credits, and tax liability must be reported on Form IL-1120-ST.

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