Get the free Illinois Extension Form - BCBSIL

EMPLOYER GROUP INFORMATION(Small Group)Indicate N/A in any sections that do not apply to your prospection A Employer Name:Employer Tax ID # : Account # (renewing groups only):SECTION B Medicare Secondary

How to fill out illinois extension form

How to fill out illinois extension form

1. To fill out the Illinois extension form, follow these steps:
2. Download Form IL-505-I from the official Illinois Department of Revenue website.
3. Enter your name, address, and social security number in the designated fields at the top of the form.
4. Identify the tax year for which you are requesting an extension by checking the appropriate box.
5. Calculate your estimated tax liability for the tax year and enter it on Line 2a.
6. If you have already paid any amount towards your tax liability, enter it on Line 2b.
7. Subtract Line 2b from Line 2a and enter the difference on Line 2c.
8. On Line 3, enter the amount of tax you expect to owe after considering any credits or payments.
9. Subtract Line 3 from Line 2c and enter the difference on Line 4.
10. If you are making a payment with your extension, enter the amount on Line 5. Otherwise, enter zero.
11. Add Lines 4 and 5 and enter the total on Line 6.
12. Sign and date the form.
13. Mail the completed form to the address provided in the instructions.
14. It is recommended to consult with a tax professional or refer to the instructions provided with the form for further guidance.

Who needs illinois extension form?

1. Anyone who resides in Illinois and needs additional time to file their state income tax return may need the Illinois extension form. It allows individuals to request an extension of time to file their return, but it does not grant an extension of time to pay any tax owed. Therefore, if you expect to owe additional tax, it is still important to estimate and pay the required amount by the original due date to avoid penalties and interest.

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What is illinois extension form?

Illinois extension form is Form IL-505, Application for Extension of Time to File Individual Income Tax Return, which allows individuals to request additional time to file their Illinois state tax return.

Who is required to file illinois extension form?

Individuals who cannot file their Illinois state tax return by the original due date are required to file Illinois extension form to request additional time.

How to fill out illinois extension form?

To fill out Illinois extension form, individuals must provide their basic information, estimated tax liability, and the amount of tax already paid.

What is the purpose of illinois extension form?

The purpose of Illinois extension form is to request additional time to file an individual income tax return in the state of Illinois.

What information must be reported on illinois extension form?

Information such as name, address, SSN, estimated tax liability, and payments already made towards the tax liability must be reported on Illinois extension form.