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Form Instruction 1120 & 1120-A Illinois: What You Should Know

November 30, 2012. 2021 IL-1120 Instructions — TaxFormFinder On Form IL-1120-ST, Step 6, line 45, omit from the income report certain items of nonbusiness income (but not the business income), and complete Step 8a. Enter the same entries on Form IL-1120-S at line 14 of Schedule C, or enter “none” on line 14 of Schedule C to report the business income or loss apportionable to Illinois. 2021 IL-1120-ST-2-E Instructions — TaxFormFinder On Form IL-1120-ST-2-E, enter the number of the year on Line 13. On Line 5a of Subcorporation Income, make column (b) read as follows: Column 1, Column 2 Column 3, Column 4 Column 5, Column 6 Enter the annual number of full S corporation shareholders on Line 1a of Row 10 of Schedule C. Enter the annual amount of business income or loss on Line 1a of Row 10 of Schedule C on which Line 2a of Row 10 of Schedule C will be apportioned to Illinois. Enter the amount due on Row 9 of Schedule C at column (c). 2021 Instructions for Form 1120-S — IRS. Step 8a.

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