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Prepare extensions for 1120 Illinois
The Illinois Department of Revenue grants an automatic seven-month extension if there is no tentative tax due. Forms IL-1120-V and IL-1120-ST-V are solely used to accompany a payment and won’t print if there is no amount due with the extension. Use the
Balance due on extension (Force)
field on the ILPmt
screen in the Payments
folder to force an amount due.You can e-file the Illinois extension without a corresponding federal extension. If you are electronically filing the extension, you must make the payment via Electronic Funds Withdrawal. Use the Extension Information section on the
ILELF
screen to enter the Extension signature date
and Requested payment date
. When you e-file the extension, a copy of Form IL-1120-V or IL-1120-ST-V will print for your records; don’t mail the form.If you are not electronically filing the extension, print Form IL-1120-V or IL-1120-ST-V with an amount due and mail the form with an accompanying check or money order.