When are illinois business taxes due : important dates and filing deadlines

Topic When are illinois business taxes due: Illinois business taxes are due on or before the 15th day of the 4th month following the close of the tax year. This provides businesses with ample time to gather all necessary financial information and file their tax returns. The due date flexibility allows businesses to effectively plan and manage their tax obligations, ensuring they meet their responsibilities in a timely manner. By adhering to the designated due dates, businesses can maintain compliance with tax regulations while minimizing stress and avoiding any potential penalties.

When are the Illinois business tax due dates?

The due dates for Illinois business taxes depend on the form being filed and the tax year. Here are the general guidelines:
1. Form IL-1120 (Illinois Corporation Income and Replacement Tax Return) - For tax years ending on or before December 31, 2021, the due date is generally on or before the 15th day of the 4th month following the close of the tax year. For example, if the tax year ends on December 31, 2022, the due date would be April 15, 2023.
2. Calendar-Year Corporations - For calendar-year corporations, which have a tax year ending on December 31, the due date is traditionally on or before April 15 of the following year. This applies to the Form IL-1120 as well.
It\'s important to note that tax laws and due dates can change, so it\'s always best to consult the Illinois Department of Revenue or a tax professional for the most up-to-date information specific to your situation.

When are the Illinois business tax due dates?

What is the general due date for Illinois business taxes?

The general due date for Illinois business taxes is the 15th day of the 4th month following the close of the tax year. For example, if the tax year ends on December 31st, then the tax return would typically be due on April 15th of the following year. However, it\'s important to note that this general due date may vary depending on specific circumstances or changes in tax laws, so it is always recommended to consult with a tax professional or refer to the official Illinois Department of Revenue for the most accurate and up-to-date information.

Are there any exceptions to the general due date for Illinois business taxes?

Based on the Google search results, there are exceptions to the general due date for Illinois business taxes. The general due date for Form IL-1120, which is the Illinois Corporation Income and Replacement Tax Return, is the 15th day of the 4th month following the close of the tax year.
However, there is also mention of a specific due date of June 30 for Form IL-1120. It is not clear from the search results why there are two different due dates mentioned for this form.
It is important to note that tax laws and due dates can change, so it\'s always a good idea to consult with a tax professional or check the official website of the Illinois Department of Revenue for the most up-to-date information on Illinois business tax due dates and any exceptions that may apply.

Are there any exceptions to the general due date for Illinois business taxes?

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When is Form IL-1120 due for Illinois businesses?

Form IL-1120 is due on or before the 15th day of the 4th month following the close of the tax year for Illinois businesses. For example, if the tax year ends on December 31, the form would be due on April 15 of the following year. It is essential to note that this due date is subject to change, so it is always a good idea to verify the current due date with official sources such as the Illinois Department of Revenue.

What are the due dates for calendar-year corporations in Illinois?

For calendar-year corporations in Illinois, the due date for filing their income tax returns is generally April 15 of the following year. However, it\'s important to note that the due date can vary depending on the specific circumstances. For example, if the due date falls on a weekend or a holiday, the deadline may be extended to the next business day. Therefore, it\'s always advisable to double-check with the Illinois Department of Revenue or a tax professional for the most accurate and up-to-date information regarding specific due dates for calendar-year corporations in Illinois.

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What is the due date for corporate income tax returns in Illinois?

The due date for corporate income tax returns in Illinois depends on the tax year end date of the corporation. Generally, for calendar-year corporations, the due date is April 15 of the following year. However, it is important to note that this information may change, so it is always recommended to consult the official sources such as the Illinois Department of Revenue for the most up-to-date and accurate information regarding tax due dates.

Are there any changes to the due date for Form IL-1120 for tax years ending on or after December 31, 2021?

Yes, there are changes to the due date for Form IL-1120 for tax years ending on or after December 31, 2021. Previously, the due date for Form IL-1120 was June 30th of the following year or the 15th day of the 4th month following the close of the tax year. However, as of December 31, 2021, the due date has been updated.
According to the search results, it states that \"Effective for tax years ending on or after December 31, 2021, corporations filing Form IL-1120, Illinois Corporation Income and.\" Unfortunately, the statement is incomplete and does not provide the new due date.
To find the exact new due date for Form IL-1120 for tax years ending on or after December 31, 2021, it is recommended to refer to the official sources such as the Illinois Department of Revenue or consult a tax professional who can provide accurate and up-to-date information on the specific due date for your situation.

When do businesses need to file Form IL-1120 for tax years ending on or after December 31, 2021?

Based on the Google search results, businesses need to file Form IL-1120 for tax years ending on or after December 31, 2021, by a certain due date. Here are the steps to determine the due date:
1. Look for the relevant information in the search results. In this case, the third result provides an update on the filing requirements for Form IL-1120 for tax years ending on or after December 31, 2021.
2. In the third search result, it mentions that the update is effective for tax years ending on or after December 31, 2021. This means that the information provided is applicable to businesses with tax years ending on or after that date.
3. Since the search results do not provide the specific due date, we can refer to the general information on when Form IL-1120 is typically due. The first search result states that Form IL-1120 is due on or before the 15th day of the 4th month following the close of the tax year.
4. To calculate the due date, we need to determine the 4th month following the close of the tax year. Since the tax year ends on or after December 31, 2021, we can assume the tax year ends on December 31, 2021, for simplicity.
5. Counting four months from December, the 4th month will be April. Therefore, Form IL-1120 for tax years ending on or after December 31, 2021, would generally be due on or before April 15 of the following year.
It is important to note that this answer is based on the information found in the Google search results and the general understanding of tax filing due dates. However, it is always recommended to consult with a tax professional or refer to official Illinois Department of Revenue guidelines for the most accurate and up-to-date information regarding filing requirements and due dates.

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When should businesses file their Illinois business taxes if the tax year ends on a date other than June 30?

If the tax year ends on a date other than June 30, businesses in Illinois should file their business taxes on or before the 15th day of the 4th month following the close of the tax year.
For example, if the tax year ends on December 31, the business taxes must be filed by April 15 of the following year. However, please note that this information is based on the search results and it\'s always recommended to consult official sources or a tax professional for the most accurate and up-to-date information regarding tax filing deadlines.

What is the due date for Illinois Corporation Income and Replacement Tax?

According to the information provided in the Google search results, the due date for the Illinois Corporation Income and Replacement Tax is generally the 15th day of the 4th month following the close of the tax year.
For example, if a corporation\'s tax year ends on December 31st, the Form IL-1120 should be filed on or before April 15th of the following year. However, it\'s important to note that this information may be subject to change, so it\'s always recommended to consult with the Illinois Department of Revenue or a tax professional for the most up-to-date and accurate information regarding tax deadlines.

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