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

This document contains official instructions for Schedule 1299-D , Income Tax Credits (For Corporations and Fiduciaries) - a form released and collected by the Illinois Department of Revenue.

FAQ

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

Q: Who is required to file Schedule 1299-D?
A: Corporations and fiduciaries in Illinois who are claiming any income tax credits are required to file Schedule 1299-D.

Q: What information do I need to complete Schedule 1299-D?
A: You will need information regarding the specific income tax credits you are claiming, including the credit type, amount, and any supporting documentation.

Q: When is the deadline for filing Schedule 1299-D?
A: The deadline for filing Schedule 1299-D is generally the same as the deadline for filing your corporate or fiduciary tax return, which is usually the 15th day of the 4th month following the close of the tax year.

Q: Are there any penalties for late filing of Schedule 1299-D?
A: Yes, there may be penalties for late filing of Schedule 1299-D, including interest charges and potential loss of the claimed tax credits.

Q: Can I file Schedule 1299-D electronically?
A: Yes, you can file Schedule 1299-D electronically through the Illinois Department of Revenue's e-file system.

Q: What should I do if I have questions or need assistance with completing Schedule 1299-D?
A: If you have questions or need assistance with completing Schedule 1299-D, you can contact the Illinois Department of Revenue directly for guidance.