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Illinois Department of Revenue Composite Income and Replacement Tax Return 2006 Form IL1023C or fiscal year beginning /, 2006, ending /, 20. Due on or before the 15th day of the 4th month following
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What is composite income and?
Composite income is a tax filing option available to certain states that allows pass-through entities to file a single tax return on behalf of their non-resident individual investors.
Who is required to file composite income and?
Non-resident individual investors who receive income from pass-through entities in states that allow composite income filing.
How to fill out composite income and?
To fill out composite income, pass-through entities must collect the necessary information from their non-resident individual investors and report it on the composite income tax return.
What is the purpose of composite income and?
The purpose of composite income is to simplify the tax filing process for non-resident individual investors and pass-through entities.
What information must be reported on composite income and?
Pass-through entities must report the income earned by non-resident individual investors and calculate the tax due on their behalf.
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