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This version of the form is not currently in use and is provided for reference only. Download this version of
Schedule M
for the current year.
Schedule M Other Additions and Subtractions (For Businesses) - Illinois
What Is Schedule M?
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 M?
A: Schedule M is a form used by businesses in Illinois to report other additions and subtractions to their income.
Q: What are additions and subtractions?
A: Additions and subtractions refer to items that are added or subtracted from a business's income to determine their taxable income.
Q: What kind of additions and subtractions are reported on Schedule M?
A: Schedule M includes items such as depreciation, bad debts, and certain federal deductions that need to be adjusted for Illinois tax purposes.
Q: Do all businesses in Illinois need to file Schedule M?
A: No, Schedule M is only required for businesses that have specific additions or subtractions to report.
Form Details:
- Released on December 1, 2020;
- 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 Schedule M by clicking the link below or browse more documents and templates provided by the Illinois Department of Revenue.
Download Schedule M Other Additions and Subtractions (For Businesses) - Illinois
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