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TOMA Quarterly Report Illinois Department of Professional Form

TOMA Quarterly Report Illinois Department of Professional Form

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uh my name is Robert Farthing I'm the division manager of the business processing section and I will be sharing with you today some basic information about filing for Illinois business income tax we will Begin by looking at filing requirements then we'll take some time to look at the relatively new pass-through entity tax and finally we want to touch on some common mistakes made which cause delays in the processing of business tax returns let's begin with the requirements for filing each type of business income tax return as you can see the chart here shows that each return type has an original return due date and an automatic extended due date rather than go through each one individually I encourage you to see the form instructions for specifics about the due date of the return next slide please for all business return types full payment is due at the time of the original due date of the return this is true even if the return is not filed until the extended due

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