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Illinois Department of Revenue IL-505-I 2006 Automatic Extension Payment for Individuals Filing Form IL-1040 What is the purpose of Form IL-505-I? The purpose of Form IL-505-I, Automatic Extension

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How to fill out 2006 il-505-i automatic extension

How to fill out 2006 IL-505-I Automatic Extension:

01

Begin by downloading the IL-505-I form from the official website of the Illinois Department of Revenue.

02

Provide your personal information in the designated fields, such as your name, social security number, and address.

03

Indicate the tax year for which you are requesting the extension (2006, in this case) and specify the applicable type of tax return.

04

Calculate your estimated tax liability by completing the necessary sections of the form. This includes reporting your income, deductions, and any tax credits you may be eligible for.

05

Once you have determined your estimated tax liability, subtract any tax payments or credits already made. This will give you the amount of tax due for the year.

06

If you anticipate owing additional taxes, you must make a payment with your extension request. Include a check or money order payable to the Illinois Department of Revenue for the amount owed.

07

Submit the IL-505-I form and payment by mail to the address provided on the form. It is recommended to keep a copy of the completed form and payment proof for your records.

08

The Illinois Department of Revenue will process your extension request and notify you if it has been approved. This will grant you additional time to file your tax return for the specified year.

Who needs 2006 IL-505-I Automatic Extension?

01

Individuals or businesses that are unable to file their Illinois tax return by the original due date of the tax year 2006.

02

Taxpayers who require extra time to accurately calculate their tax liability and gather all necessary documentation.

03

Individuals or businesses expecting to owe additional taxes for the tax year 2006 and need additional time to make payment arrangements.

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What is il-505-i automatic extension payment?

IL-505-I automatic extension payment is a form used to request an automatic extension of time to file an Illinois individual income tax return.

Who is required to file il-505-i automatic extension payment?

Individuals who need more time to file their Illinois individual income tax return are required to file IL-505-I automatic extension payment.

How to fill out il-505-i automatic extension payment?

IL-505-I can be filled out online or by mail. The form requires personal information, estimated tax liability, and payment information.

What is the purpose of il-505-i automatic extension payment?

The purpose of IL-505-I automatic extension payment is to request additional time to file an Illinois individual income tax return.

What information must be reported on il-505-i automatic extension payment?

IL-505-I requires reporting personal information, estimated tax liability, and payment information for the extension request.

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