Illinois DOR Issues Revised Instructions for Form IL-1041, Fiduciary Income and Replacement Tax Return

The Illinois Department of Revenue (DOR) March 1 issued revised instructions for Form IL-1041, Fiduciary Income and Replacement Tax Return, for corporate income, individual income, and trust income tax purposes. Taxpayers making an extension payment, an estimated payment, a voluntary prepayment of their tax liabilities, or a return payment should pay electronically or mail Form IL-1041-V, Payment Voucher for Fiduciary Income and Replacement Tax, to the DOR. The revised instructions include: 1) general information about who must file the form and when; 2) information about payments, penalties, and income allocable to Illinois; 3) specific instructions for Form IL-1041; 4) instructions ...