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ILLINOIS HEALTH FACILITIES AND SERVICES REVIEW BOARD CHANGE OF OWNERSHIP APPLICATION FOR EXEMPTION 09/2019 Edition# E00720ILLINOIS HEALTH FACILITIES AND SERVICES REVIEW BOARD APPLICATION FOR CHANGE
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Section 1130 of the Illinois Department of Revenue regulations pertains to specific reporting requirements for corporate income tax and related liabilities.
Corporations that are subject to tax in Illinois and are required to report their income, deductions, and credits to the Illinois Department of Revenue must file Section 1130.
To fill out Section 1130, corporations must provide their financial information, including revenue, expenses, and any relevant state-specific adjustments on the prescribed form provided by the Illinois Department of Revenue.
The purpose of Section 1130 is to ensure that corporations accurately report their financial activities in the state for taxation purposes and to maintain transparency in corporate tax liabilities.
Section 1130 requires reporting of total income, deductions, credits, and any applicable state tax liabilities specific to corporate entities.
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