Instructions for Form IL-990-T Exempt Organization Income and Replacement Tax Return - Illinois

Form IL-990-T Exempt Organization Income and Replacement Tax Return - Illinois

This document contains official instructions for Form IL-990-T , Exempt Organization Income and Replacement Tax Return - a form released and collected by the Illinois Department of Revenue. An up-to-date fillable Form IL-990-T is available for download through this link.

FAQ

Q: What is Form IL-990-T?
A: Form IL-990-T is the Exempt Organization Income and Replacement Tax Return for Illinois.

Q: Who needs to file Form IL-990-T?
A: Exempt organizations in Illinois need to file Form IL-990-T if they have unrelated business income.

Q: What is unrelated business income?
A: Unrelated business income is income generated by an exempt organization from a trade or business that is not substantially related to its tax-exempt purpose.

Q: What is Replacement Tax?
A: Replacement Tax is a tax imposed on exempt organizations in Illinois as a substitute for the state income tax.

Q: When is Form IL-990-T due?
A: Form IL-990-T is generally due on the 15th day of the 5th month following the end of the organization's fiscal year.

Q: Are there any extensions available for filing Form IL-990-T?
A: Yes, an automatic six-month extension is available by filing Form IL-990-T-EXT.

Q: Does Form IL-990-T require any attachments?
A: Yes, Form IL-990-T may require attachments such as schedules and supporting documentation depending on the organization's activities.