IL IL-1040-ES 2018 free printable template
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Illinois Department of RevenueIL1040ES Estimated Income Tax Payments for Individuals 2018Am I required to make estimated income tax payments? You must make estimated income tax payments if you reasonably
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How to fill out IL IL-1040-ES
01
Obtain Form IL-1040-ES from the Illinois Department of Revenue website or your local tax office.
02
Fill in your name, address, and Social Security number at the top of the form.
03
Calculate your estimated tax by completing the appropriate sections based on your total income and deductions.
04
Divide the estimated tax amount by four to determine quarterly payments.
05
Provide the payment amount for each installment period on the form.
06
Sign and date the form.
07
Mail the completed form along with payment to the address specified in the instructions.
Who needs IL IL-1040-ES?
01
Individuals who expect to owe more than $1,000 in Illinois state taxes after subtracting withholding and refundable credits.
02
Self-employed individuals and freelancers who do not have taxes withheld from their income.
03
Taxpayers who have income from sources that do not withhold taxes, such as rental income or interest.
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What is IL IL-1040-ES?
IL IL-1040-ES is the Illinois Estimated Income Tax Payment form used by individuals to make estimated tax payments to the state of Illinois.
Who is required to file IL IL-1040-ES?
Individuals who expect to owe $1,000 or more in Illinois income tax after withholding are generally required to file IL IL-1040-ES.
How to fill out IL IL-1040-ES?
To fill out IL IL-1040-ES, taxpayers need to provide their name, address, Social Security number, and estimated income for the year, as well as calculate the estimated tax liability and determine the payment amount.
What is the purpose of IL IL-1040-ES?
The purpose of IL IL-1040-ES is to allow taxpayers to pay their estimated income tax throughout the year to avoid penalties for underpayment at the end of the tax year.
What information must be reported on IL IL-1040-ES?
IL IL-1040-ES requires reporting the taxpayer's personal information, estimated income, and calculated estimated tax payments due for the year.
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