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Illinois Department of Revenue Regulations Title 86 Part 100 Section 100.2050Net Income (IATA Section 202)TITLE 86: REVENUE PART 100 INCOME TAX SUBPART A: TAX IMPOSEDSection 100.2050 Net Income (IATA
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The net income iita section refers to the net income calculated for the purposes of the Illinois Income Tax Act (IITA).
All individuals, corporations, trusts, and estates that have income sourced in Illinois are required to file the net income iita section.
The net income iita section is typically filled out by completing the appropriate forms provided by the Illinois Department of Revenue and following the instructions provided.
The purpose of the net income iita section is to determine the taxable income that is subject to Illinois income tax.
The information that must be reported on the net income iita section includes income, deductions, credits, and any other relevant financial information.
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