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This version of the form is not currently in use and is provided for reference only. Download this version of
Form IL-990-T
for the current year.
Form IL-990-T Exempt Organization Income and Replacement Tax Return - Illinois
What Is Form IL-990-T?
This is a legal form that was released by the Illinois Department of Revenue - a government authority operating within Illinois. Check the official instructions before completing and submitting the form.
FAQ
Q: What is Form IL-990-T?
A: Form IL-990-T is a tax return form specifically designed for exempt organizations in Illinois to report their income and replacement tax liabilities.
Q: Who needs to file Form IL-990-T?
A: Exempt organizations in Illinois that have unrelated business income, as defined by the Internal Revenue Service (IRS), need to file Form IL-990-T.
Q: What is the purpose of Form IL-990-T?
A: The purpose of Form IL-990-T is to calculate and report the unrelated business incometax liability of exempt organizations in Illinois.
Q: When is Form IL-990-T due?
A: Form IL-990-T is due on the 15th day of the fifth month following the close of the organization's taxable year.
Q: Are there any penalties for late filing of Form IL-990-T?
A: Yes, there are penalties for late filing of Form IL-990-T. It is important to file the form by the due date to avoid any penalties or interest charges.
Q: Can Form IL-990-T be filed electronically?
A: Yes, Form IL-990-T can be filed electronically using the Illinois Department of Revenue's e-filing system.
Q: What should I include when filing Form IL-990-T?
A: When filing Form IL-990-T, you should include all necessary supporting documentation, such as schedules and forms required to report unrelated business income.
Q: Can I claim any deductions or credits on Form IL-990-T?
A: Yes, you can claim deductions and credits on Form IL-990-T. Make sure to review the instructions and consult with a tax professional to determine which deductions and credits you may be eligible for.
Q: What if I have questions or need assistance with Form IL-990-T?
A: If you have questions or need assistance with Form IL-990-T, you can contact the Illinois Department of Revenue directly for guidance and support.
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 Form IL-990-T by clicking the link below or browse more documents and templates provided by the Illinois Department of Revenue.
Download Form IL-990-T Exempt Organization Income and Replacement Tax Return - Illinois
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