Illinois DOR Issues Form IL-1065-X Instructions for Amending Partnership Replacement Tax Return

The Illinois Department of Revenue (DOR) Dec. 1 issued Form IL-1065-X instructions for amending a previously filed Partnership Replacement Tax Return, for individual income tax purposes. The DOR provides information on: 1) who must file the Form IL-1065-X, Partnership Replacement Tax Return; 2) the amount of time taxpayers have to amend their returns, depending on whether Form IL-1065-X is being filed to report a state or federal change; 3) applicable penalties and interest; 4) specific instructions on the filing of the form; and 5) an option available to taxpayers for applying tax credits to a different tax year. The Form ...