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Form IL-477 Replacement Tax Investment Credits - Illinois
What Is Form IL-477?
This is a legal form that was released by the Illinois Department of Revenue - a government authority operating within Illinois. Check the official instructions before completing and submitting the form.
FAQ
Q: What is Form IL-477?
A: Form IL-477 is a tax form used in Illinois to claim the Replacement Tax Investment Credits.
Q: What are Replacement Tax Investment Credits?
A: Replacement Tax Investment Credits are credits that can be claimed by taxpayers who make qualifying investments in Illinois.
Q: Who is eligible to claim the Replacement Tax Investment Credits?
A: Taxpayers who make qualifying investments in Illinois are eligible to claim the Replacement Tax Investment Credits.
Q: What are qualifying investments?
A: Qualifying investments include investments in the construction, purchase, or acquisition of qualified property in Illinois.
Q: What is the purpose of Form IL-477?
A: The purpose of Form IL-477 is to provide taxpayers with a way to claim the Replacement Tax Investment Credits.
Q: When is the deadline to file Form IL-477?
A: The deadline to file Form IL-477 is generally the same as the deadline to file your annual tax return, which is April 15th.
Q: Are there any penalties for late filing of Form IL-477?
A: Yes, there may be penalties for late filing of Form IL-477, including interest charges on any unpaid tax.
Q: Can I e-file Form IL-477?
A: Yes, you can e-file Form IL-477 if you are filing your annual tax return electronically.
Q: What happens after I file Form IL-477?
A: After you file Form IL-477, the Illinois Department of Revenue will review your claim and determine if you are eligible for the Replacement Tax Investment Credits.
Form Details:
- Released on December 1, 2019;
- The latest edition provided by the Illinois Department of Revenue;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form IL-477 by clicking the link below or browse more documents and templates provided by the Illinois Department of Revenue.
