Instructions for Schedule 1299-A Tax Subtractions and Credits (For Partnerships and S Corporations) - Illinois

This document contains official instructions for Schedule 1299-A , Tax Subtractions and Credits (For Partnerships and S Corporations) - a form released and collected by the Illinois Department of Revenue.

FAQ

Q: What is Schedule 1299-A?A: Schedule 1299-A is a tax form used by partnerships and S corporations in Illinois to report tax subtractions and credits.

Q: Who needs to file Schedule 1299-A?A: Partnerships and S corporations in Illinois need to file Schedule 1299-A.

Q: What is the purpose of Schedule 1299-A?A: The purpose of Schedule 1299-A is to calculate and report tax subtractions and credits for partnerships and S corporations in Illinois.

Q: What information do I need to complete Schedule 1299-A?A: You will need information about your partnership or S corporation's tax subtractions and credits, including any applicable forms or documentation.

Q: When is the deadline to file Schedule 1299-A?A: The deadline to file Schedule 1299-A is the same as the deadline to file the partnership or S corporation's Illinois tax return.

Q: Are there any penalties for not filing Schedule 1299-A?A: Yes, there may be penalties for failing to file Schedule 1299-A or for filing it incorrectly. It is important to ensure accurate and timely filing.

Q: Can I e-file Schedule 1299-A?A: Yes, you can e-file Schedule 1299-A if you are using the appropriate tax software or working with a professional tax preparer.

Q: What should I do if I have questions about Schedule 1299-A?A: If you have questions about Schedule 1299-A, you should contact the Illinois Department of Revenue or consult a tax professional for assistance.