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Instructions for Form IL-1120 Schedule UB / INS Tax for a Unitary Business Group With Foreign Insurer Members - Illinois
This document contains official instructions for Form IL-1120 Schedule UB/INS, Tax for a Foreign Insurer Members - a form released and collected by the Illinois Department of Revenue.
FAQ
Q: What is Form IL-1120 Schedule UB/INS?A: Form IL-1120 Schedule UB/INS is a tax form used in Illinois for a unitary business group with foreign insurer members.
Q: What is a unitary business group?A: A unitary business group refers to a group of corporations that are engaged in a unitary business, meaning they are interdependent and function as a single entity.
Q: Who needs to file Form IL-1120 Schedule UB/INS?A: Individuals and corporations who are part of a unitary business group with foreign insurer members in Illinois need to file this form.
Q: What is the purpose of Form IL-1120 Schedule UB/INS?A: The purpose of this form is to calculate and report the tax liability for a unitary business group with foreign insurer members in Illinois.
Q: What information is required on Form IL-1120 Schedule UB/INS?A: The form requires various information related to the unitary business group and its foreign insurer members, including income, deductions, and apportionment factors.
Instruction Details:
- This 1-page document is available for download in PDF;
- Actual and applicable for the current year;
- Complete, printable, and free.
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