Schedule M Other Additions and Subtractions (For Businesses) - Illinois

What Is Schedule M?

This is a legal form that was released by the Illinois Department of Revenue - a government authority operating within Illinois. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Schedule M Other Additions and Subtractions?
A: Schedule M Other Additions and Subtractions is a form used by businesses in Illinois to report additional income or deductions that are not already captured on their regular tax return.

Q: Who needs to file Schedule M Other Additions and Subtractions?
A: Businesses in Illinois that have additional income or deductions that need to be reported separately from their regular tax return.

Q: What types of additions and subtractions are reported on Schedule M Other Additions and Subtractions?
A: Examples of additions include interest income from federal obligations, while examples of subtractions include contributions made to employee retirement plans.

Q: How do I file Schedule M Other Additions and Subtractions?
A: Schedule M Other Additions and Subtractions can be filed electronically or by mail along with the regular tax return.

Q: Are there any deadlines for filing Schedule M Other Additions and Subtractions?
A: Schedule M Other Additions and Subtractions must be filed by the same deadline as the regular tax return, which is typically on or around April 15th.