Instructions for Schedule UB Combined Apportionment for Unitary Business Group - Illinois

This document contains official instructions for Schedule UB , Combined Apportionment for Unitary Business Group - a form released and collected by the Illinois Department of Revenue.

FAQ

Q: What is Schedule UB?A: Schedule UB is a form used to calculate the combined apportionment for a unitary business group in Illinois.

Q: What is a unitary business group?A: A unitary business group is a group of corporations that are engaged in a unitary business and meet certain ownership and control requirements.

Q: What is apportionment?A: Apportionment is the process of dividing a company's taxable income among different states in which it does business, based on factors such as sales, payroll, and property.

Q: What information is needed to complete Schedule UB?A: To complete Schedule UB, you will need information about each corporation in the unitary business group, including their sales, property, and payroll in Illinois and other states.

Q: Why is Schedule UB important?A: Schedule UB is important because it determines how much of the unitary business group's income is subject to tax in Illinois.

Q: Are there any penalties for not filing Schedule UB?A: Yes, there may be penalties for not filing Schedule UB or for filing it late. It is important to comply with tax filing requirements to avoid these penalties.

Q: Can I get help with completing Schedule UB?A: Yes, you can seek help from a tax professional or contact the Illinois Department of Revenue for assistance with completing Schedule UB.