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This document contains official instructions for Schedule M , Other Additions and Subtractions (For Businesses) - a form released and collected by the Illinois Department of Revenue.
Q: What is Schedule M?
A: Schedule M is a form used by businesses in Illinois to report other additions and subtractions to their taxable income.
Q: Who is required to file Schedule M?
A: Businesses operating in Illinois are required to file Schedule M if they have other additions or subtractions to report.
Q: What are some examples of additions?
A: Examples of additions can include interest income, federal deductions, or income from out-of-state sources.
Q: What are some examples of subtractions?
A: Examples of subtractions can include certain types of business expenses, net operating losses, or losses from out-of-state sources.
Instruction Details:
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