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FEDERAL FINANCIAL REPORT (Follow form instructions)1. Federal Agency and Organizational Element to Which Report is Submitted2. Federal Grant or Other Identifying Number Assigned by Federal Agency
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IL-ES Financial is a form used by certain taxpayers in Illinois to report estimated income and calculate their estimated tax payments.
Individuals and businesses in Illinois who expect to owe tax of $1,000 or more when filing their annual return are required to file IL-ES Financial.
To fill out IL-ES Financial, include your estimated income, deductions, and credits, and calculate your estimated tax liability for the year.
The purpose of IL-ES Financial is to ensure taxpayers make timely estimated tax payments to avoid underpayment penalties.
Reported information includes taxpayer identification, estimated income, deductions, credits, and estimated tax liability.
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