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Form IL-56 Notice of Fiduciary Relationship - Illinois
What Is Form IL-56?
This is a legal form that was released by the Illinois Department of Revenue - a government authority operating within Illinois. Check the official instructions before completing and submitting the form.
FAQ
Q: What is Form IL-56?
A: Form IL-56 is a Notice of Fiduciary Relationship used in Illinois.
Q: Who needs to file Form IL-56?
A: Individuals or entities acting as fiduciaries who are responsible for managing the property or affairs of another person or entity in Illinois.
Q: What is the purpose of Form IL-56?
A: The purpose of Form IL-56 is to provide notice to the Illinois Department of Revenue that a fiduciary relationship exists.
Q: When do I need to file Form IL-56?
A: Form IL-56 must be filed within 90 days after the fiduciary relationship begins or within 90 days after a change in fiduciary occurs.
Q: Is there a fee to file Form IL-56?
A: No, there is no fee to file Form IL-56.
Q: Are there any penalties for not filing Form IL-56?
A: Yes, failure to file Form IL-56 or filing it late may result in penalties imposed by the Illinois Department of Revenue.
Q: What information is required on Form IL-56?
A: Form IL-56 requires information about the fiduciary, the person or entity being represented, and the nature of the fiduciary relationship.
Q: Do I need to submit any supporting documents with Form IL-56?
A: No, supporting documents are not required to be submitted with Form IL-56, but they should be retained in case of an audit.
Form Details:
- Released on December 1, 2021;
- The latest edition provided by the Illinois Department of Revenue;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form IL-56 by clicking the link below or browse more documents and templates provided by the Illinois Department of Revenue.
