Instructions for Schedule UB Combined Apportionment for Unitary Business Group - Illinois

This document contains official instructions for Schedule UB , Combined Apportionment for Unitary Business Group - a form released and collected by the Illinois Department of Revenue.

FAQ

Q: What is Schedule UB?
A: Schedule UB is a form used in Illinois to calculate the apportionment of income for a unitary business group.

Q: What is a unitary business group?
A: A unitary business group is a group of corporations that are connected through ownership and operate as a single business entity.

Q: What is apportionment of income?
A: Apportionment of income is the process of dividing the income of a business among different states based on the proportion of business activity conducted in each state.

Q: Why is apportionment necessary?
A: Apportionment is necessary to determine the amount of income that should be allocated to each state for tax purposes.

Q: What information is needed to complete Schedule UB?
A: To complete Schedule UB, you will need information on the business activities and income of each member of the unitary business group.

Q: Are there any specific guidelines for completing Schedule UB?
A: Yes, there are specific guidelines and instructions provided by the Illinois Department of Revenue that should be followed when completing Schedule UB.

Q: Is Schedule UB only applicable to Illinois?
A: Yes, Schedule UB is specific to the state of Illinois and is used for calculating the apportionment of income for businesses operating in Illinois.