Schedule 1299-D Income Tax Credits (For Corporations and Fiduciaries) - Illinois

What Is Schedule 1299-D?

This is a legal form that was released by the Illinois Department of Revenue - a government authority operating within Illinois. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Schedule 1299-D?
A: Schedule 1299-D is a form used for reporting income tax credits for corporations and fiduciaries in Illinois.

Q: Who needs to file Schedule 1299-D?
A: Corporations and fiduciaries in Illinois who are eligible for income tax credits must file Schedule 1299-D.

Q: What information is required on Schedule 1299-D?
A: Schedule 1299-D requires information about the income tax credits being claimed, including the type of credit, the amount, and any supporting documentation.

Q: When is the deadline for filing Schedule 1299-D?
A: The deadline for filing Schedule 1299-D is the same as the deadline for filing your Illinois income tax return, typically April 15th.

Q: Can I claim multiple income tax credits on Schedule 1299-D?
A: Yes, you can claim multiple income tax credits on Schedule 1299-D if you are eligible for more than one.

Q: Are there any restrictions on the income tax credits that can be claimed on Schedule 1299-D?
A: Yes, there may be restrictions and limitations on certain income tax credits. It's important to review the instructions for Schedule 1299-D or consult with a tax professional.

Q: What should I do with Schedule 1299-D once it's completed?
A: Once you have completed Schedule 1299-D, you should attach it to your Illinois income tax return.

Q: What happens if I don't file Schedule 1299-D?
A: If you are eligible for income tax credits and do not file Schedule 1299-D, you may miss out on potential tax savings.