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A G E N D A (M316) TENTATIVE (per 2 Ill. Adm. Code 1925.720) Final Agenda for the August 8, 2024, meeting will be posted no later than9:00 A.M. August 4, 2024, at the Health Facilities and Services
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M-316 Tentative Per 2 is a form used for estimating state tax obligations for specific periods.
Individuals and businesses that expect to owe a certain amount in state taxes are required to file M-316 Tentative Per 2.
To fill out M-316 Tentative Per 2, you need to provide your identification information, estimate your tax liability, and calculate prepayments and credits.
The purpose of M-316 Tentative Per 2 is to allow taxpayers to smooth out their tax payments throughout the year based on their estimated income.
Information that must be reported includes taxpayer identification, income estimates, deductions, credits, and any prior payments made.
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