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                                                                                           Illinois Department of Revenue 
                                                                                                                                                                        *63512231W*
                                                                                           2023 Form IL-1120 
                                                                                          Corporation Income and Replacement Tax Return                                                                            
                               See “When should I file?” in the Form IL-1120 instructions for a list of due dates.                                                                                                
                                                                                                                                                                                                                                                                
  If this return is not for calendar year 2023, enter your fiscal tax year here.                                                                                                                                 Enter the amount you are paying.
  Tax year beginning                                                                                   20         , ending                20 
                                                                               month       day               year                       month       day             year
               This form is for tax years ending on or after December 31, 2023, and before December 31, 2024. 
               For all other situations, see instructions to determine the correct form to use.                                                                                                                  $  _______________________
Step 1: Identify your corporation                                                                                                                                                           N  Enter your federal employer identification number  
                                                                                                                                                                                              (FEIN).
  A  Enter your complete legal business name. 
                                                                                                                                                                                            
                                                     If you have a name change, check this box.                                                                                            
                                                                              Name:                                                                                                        O      If you are a member of a group filing a federal          
                                                                                                                                                                                              consolidated return, enter the FEIN of the parent.
  B  Enter your mailing address.                                                                                               
                                                                                                                                                                                            
                                                     C/O:                            __________________________________________________                                                        PEnter your North American Industry Classification  
                                                   
                                                                              Mailing address:    ___________________________________________                                                 System (NAICS) Code. See instructions.  
                                                     City:                                                               State:            ZIP:                                               
  C  If this is the first or final return, check the applicable box(es).                                                                                                                    Q     Enter your corporate file (charter) number               
                                                                                                                                                                                              assigned to you by the Secretary of State. 
                                                                                  First return 
                                                                                 Final return (Enter the date of termination.                               )                               
                                                                                                                                         mm  dd     yyyy                                    R  Enter the city, state, and zip code where your              
  D  If this is a final return because you sold this business, enter the date sold                                                                                                            accounting records are kept. (Use the two-letter    
                                                     (mm dd yyyy)                                          , and the new owner’s FEIN.                                                        postal abbreviation, e.g., IL, GA, etc.) 

  E  Check the box and see the instructions if your business is a:                                                                                                                               City                                    State    ZIP
                                                                                  Unitary Filer (Combined return)      Foreign insurer                                                        SIf you are making the business income election   
                                                                                                                                                                                               to treat all nonbusiness income as business      
                                                  F  If you completed the following, check the box and attach the federal 
                                                                                                                                                                                                 income, check this box and enter zero on 
        form(s) to this return.
                                                                                                                                                                                                   Lines 24 and 32.                       
                                                                                  Federal Form 8886                   Federal Schedule M-3, 
                                                                                                                       Part II, Line 12                                                     T   Check your method of accounting. 
  G Apportionment Formulas                                                                           . Mark the appropriate box or boxes and see                                               Cash           Accrual                       Other 
                                                     Apportionment Formula instructions.                                Sales companies                                                     U   If you are making a discharge of indebtedness
                                                                                   Insurance companies                 Financial organizations                                                 adjustment on Schedules NLD or UB/NLD, or
                                                                                                                                                                                               Form IL-1120, Line 36, check this box and                                               
                                                                                   Transportation companies            Federally regulated exchanges 
                                                                                                                                                                                                  attach federal Form 982.                                                                      
                                                  H                           Check this box if you attached Illinois Schedule UB.                                                          V     Check this box if you attached
                                                  I                           Check this box if you attached the Subgroup Schedule.                                                            Schedule INL.                                                                                 
                                                  J                           Check this box if you attached Illinois Schedule 1299-D.                                                     W      If you annualized your income on Form IL-2220,    
                                                                                                                                                                                               check this box and attach Form IL-2220.                                
  K                                                                           Check this box if you attached Form IL-4562.           
                                                                                                                                                                                            X   Check this box if your business activity is 
                                                  L                           Check this box if you attached Illinois Schedule M (for businesses).                                             protected under Public Law 86-272.       
  M                                                                           Check this box if you attached Schedule 80/20.                                                                Y   Check this box if you are a 52/53 week filer.  

                                                                                  If you owe tax on Line 67, make an electronic payment at Tax.Illinois.gov. If you must mail your payment, complete a 
                                                   .                              payment voucher, Form IL-1120-V.  Write your FEIN, tax year ending, and “IL-1120-V” on your check or money order and 
                                                                                  make it payable to “Illinois Department of Revenue.” Attach your voucher and payment here.
                                                                                  Enter the amount of your payment on the top of this page in the space provided. 

                                                                                 If a payment is not enclosed, mail this return to:                                                         If a payment is enclosed, mail this return to:    
                         Attach your payment and                                  ILLINOIS DEPARTMENT OF REVENUE                                                                            ILLINOIS DEPARTMENT OF REVENUE  
                                                          Form IL-1120-V here     PO BOX 19048                                                                                              PO BOX 19038
                                                                                  SPRINGFIELD IL  62794-9048                                                                                SPRINGFIELD IL  62794-9038
                                                                                                  This form is authorized as outlined by the Illinois Income Tax Act. Disclosure of this        IR            NS              DR ____
                                                                               IL-1120 (R-12/23)    information is REQUIRED. Failure to provide information could result in a penalty.                                                    Page 1 of 4



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                                                                            *63512232W*
  Step 2: Figure your income or loss                                                                                    (Whole dollars only)
 1    Federal taxable income from U.S. Form 1120, Line 30.                                                                  
      Attach a copy of your federal return.                                                                              1         00
 2    Net operating loss deduction from U.S. Form 1120, Line 29a. This amount cannot be negative.                        2         00
 3    State, municipal, and other interest income excluded from Line 1.                                                  3         00
 4    Illinois income and replacement tax and surcharge deducted in arriving at Line 1.                                  4         00
  5   Illinois Special Depreciation addition. Attach Form IL-4562.                                                       5         00
 6  Related-Party Expenses additions. Attach Schedule 80/20.                                                             6         00
   7  Distributive share of additions. Attach Schedule(s) K-1-P or K-1-T.                                                7         00
 8    Other additions. Attach Schedule M (for businesses).                                                               8         00
 9    Add Lines 1 through 8. This amount is your income or loss.                                                         9         00

Step 3: Figure your base income or loss
 10   Interest income from U.S. Treasury and other exempt federal obligations.        10                                 00
 11   River Edge Redevelopment Zone Dividend subtraction.
      Attach Schedule 1299-B.                                                         11                                 00
 12   River Edge Redevelopment Zone Interest subtraction.
      Attach Schedule 1299-B.                                                         12                                 00
   13 High Impact Business Dividend subtraction.Attach Schedule 1299-B.               13                                 00
 14   High Impact Business Interest subtraction. Attach Schedule 1299-B.              14                                 00
 15  Contribution subtraction. Attach Schedule 1299-B.                                15                                 00
 16   Contributions to certain job training projects. See instructions.               16                                 00
 17   Foreign Dividend subtraction. Attach Schedule J. See instructions.              17                                 00
 18  Illinois Special Depreciation subtraction. Attach Form IL-4562.                  18                                 00
 19  Related-Party Expenses subtraction. Attach Schedule 80/20.                       19                                 00
 20  Distributive share of subtractions. Attach Schedule(s) K-1-P or K-1-T.           20                                 00
 21  Other subtractions. Attach Schedule M (for businesses).                          21                                 00
 22   Total subtractions. Add Lines 10 through 21.                                                                       22        00
 23  Base income or loss. Subtract Line 22 from Line 9.                                                                  23        00
           A  If the amount on Line 23 is derived inside Illinois only, check this box and enter the amount from Step 3, Line 23
            on Step 5, Line 35. You may not complete Step 4. (You must leave Step 4, Lines 24 through 34 blank.)
                   If you are a unitary filer, do not check this box. Check the box on Line B and complete Step 4.
       4
           B  If any portion of the amount on Line 23 is derived outside Illinois, or you are a unitary filer, check this box and            
            complete all lines of Step 4. (Do not leave Lines 28 through 30 blank.) See instructions. 
Step 4: Figure your income allocable to Illinois  (Complete only if you checked the box on Line B, above.) 
24   Nonbusiness income or loss. Attach Schedule NB.                                  24                                 00
 25  Business income or loss included in Line 23 from non-unitary partnerships,
    partnerships included on a Schedule UB, S corporations, trusts,  
    or estates. See instructions.                                                     25                                 00
 26  Add Lines 24 and 25.                                                                                                26        00
 27   Business income or loss. Subtract Line 26 from Line 23.                                                            27        00
 28  Total sales everywhere. This amount cannot be negative.                          28                                    
 29   Total sales inside Illinois. This amount cannot be negative.                    29                                    
 30  Apportionment Factor. Divide Line 29 by Line 28. Round to six decimal places.    30                                         
 31   Business income or loss apportionable to Illinois. Multiply Line 27 by Line 30.                                    31        00
   32 Nonbusiness income or loss allocable to Illinois.Attach Schedule NB.                                               32        00
 33   Business income or loss apportionable to Illinois from non-unitary partnerships, partnerships
    included on a Schedule UB, S corporations, trusts, or estates. See instructions.                                     33        00  
34   Base income or loss allocable to Illinois. Add Lines 31 through 33.                                                 34        00

      IL-1120 (R-12/23)                  Printed by the authority of the state of Illinois - electronic only - one copy.         Page 2 of 4



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                                                                          *63512233W*
  Step 5: Figure your net income
 35    Base income or net loss from Step 3, Line 23, or Step 4, Line 34.                                                            35                     00
 36  Discharge of indebtedness adjustment. Attach federal Form 982. See instructions.                                               36                     00
 37  Adjusted base income or net loss. Add Lines 35 and 36. See instructions.                                                   37                         00
 38  Illinois net loss deduction. If Line 37 is zero or a negative amount, enter zero. Attach Schedule NLD or UB/NLD. 
     Check this box and attach a detailed statement if you have merged losses.                                                      38                     00
 39  Net income. Subtract Line 38 from Line 37.                                                                                 39                         00
Step 6: Figure your replacement tax after credits
  40 Replacement tax. Multiply Line 39 by 2.5% (.025).                                                                              40                     00
 41  Recapture of investment credits. Attach Schedule 4255.                                                                         41                     00
 42  Replacement tax before credits. Add Lines 40 and 41.                                                                           42                     00
 43  Investment credits. Attach Form IL-477.                                                                                        43                     00
 44  Replacement tax after credits. Subtract Line 43 from Line 42. If the amount is negative, enter zero.                           44                     00
Step 7: Figure your income tax after credits
 45  Income tax. Multiply Line 39 by 7.0% (.07).                                                                                    45                     00
 46  Recapture of investment credits. Attach Schedule 4255.                                                                         46                     00
 47  Income tax before credits. Add Lines 45 and 46.                                                                                47                     00
 48  Income tax credits. Attach Schedule 1299-D.                                                                                    48                     00
 49  Income tax after credits. Subtract Line 48 from Line 47. If the amount is negative, enter zero.                                49                     00
Step 8: Figure your refund or balance due 
50   Replacement tax before reductions. Enter the amount from Line 44.                                                              50                     00
51   Foreign Insurer replacement tax reduction. Attach Schedule INS or UB/INS. See instructions.                                    51                     00
52   Subtract Line 51 from Line 50. This is your net replacement tax.                                                               52                     00
53   Income tax before reductions. Enter the amount from Line 49.                                                                   53                     00
54   Foreign Insurer income tax reduction. Attach Schedule INS or UB/INS. See instructions.                                         54                     00
55   Subtract Line 54 from Line 53. This is your net income tax.                                                                    55                     00
56   Compassionate Use of Medical Cannabis Program Act surcharge. See instructions.                                                 56                     00
57   Sale of assets by gaming licensee surcharge. See instructions.                                                                 57                     00
58   Total net income and replacement taxes and surcharges. Add Lines 52, 55, 56, and 57.                                           58                     00
59   Underpayment of estimated tax penalty from Form IL-2220. See instructions.                                                     59                     00
60   Total taxes, surcharges, and penalty. Add Lines 58 and 59.                                                                 60                         00
61   Payments. See instructions.
      a   Credits from previous overpayments.                                          61a                                  00
      b   Total payments made before the date this return is filed.                    61b                                  00
      c    Pass-through withholding reported to you.
           Attach Schedule(s) K-1-P or K-1-T.                                          61c                                  00
      d    Pass-through entity tax credit reported to you.
           Attach Schedule(s) K-1-P or K-1-T.                                          61d                                  00
         e Illinois income tax withholding. Attach Form(s) W-2G.                       61e                                  00
62   Total payments. Add Lines 61a through 61e.                                                                                     62                     00
63   Overpayment. If Line 62 is greater than Line 60, subtract Line 60 from Line 62.                                                63                     00
64   Amount to be credited forward. See instructions. 
     Check this box and attach a detailed statement if this carryforward is going to a different FEIN.                              64                     00 
65   Refund. Subtract Line 64 from Line 63 .This is the amount to be refunded.                                                      65                     00
66     Complete to direct deposit your refund.   
             Routing Number                                                Checking or               Savings
             Account Number  
67   Tax due. If Line 60 is greater than Line 62, subtract Line 62 from Line 60. This is the amount you owe.                        67           00 
Step 9: Sign below - Under penalties of perjury, I state that I have examined this return and, to the best of my knowledge, it is true, correct and complete.
Sign                                                                                                                                          Check if the Department 
Here                                                                                               (      )                           may discuss this return with the 
       Signature of authorized officer      Date (mm/dd/yyyy) Title                                 Phone                             paid preparer shown in this step.
                                                                                                                                      Check if  
Paid       Print/Type paid preparer’s name          Paid preparer’s signature                       Date (mm/dd/yyyy)          self-employed    Paid Preparer’s PTIN
Preparer
           Firm’s name                                                                                                   Firm’s FEIN
Use Only
           Firm’s address                                                                                                Firm’s phone    (      )

       IL-1120 (R-12/23)        Enter the amount of your payment in the space provided on the top of page 1.                                    Page 3 of 4
                                                          Reset           Print



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Attach supporting documents to your Form IL-1120.                            *ZZZZZZZZZ*
  If you completed:                                                                 Attach:
Form IL-1120                                                                 U.S. 1120, Pages 1 through 6, or equivalent
Step 1, Line E (unitary) only                                                Schedule UB/Subgroup Schedule
                                                                                     Check the box on Form IL-1120, Step 1, Line H or Line I
Step 1, Line E (foreign insurer) only                                        Schedule INS 
Step 1, Line E (unitary) and (foreign insurer)                               Schedule UB/Subgroup Schedule and Schedule UB/INS
                                                                                     Check the box on Form IL-1120, Step 1, Line H or Line I
Step 1, Line F                                                               Federal Form 8886 or Federal Schedule M-3 (as applicable)
Step 1, Line U                                                               Federal Form 982
Step 1, Line V                                                               Schedule INL
Step 1, Line W                                                               Form IL-2220
Lines 5 and 18                                                               Form IL-4562 
                      Special Depreciation addition                                  Check the box on Form IL-1120, Step 1, Line K
                      Special Depreciation subtraction
Lines 6 and 19                                                               Schedule 80/20
                      Related-Party Expenses addition                                Check the box on Form IL-1120, Step 1, Line M
                      Related-Party Expenses subtraction
Lines 7 and 20                                                               Schedule(s) K-1-P or K-1-T
                      Distributive share of additions
                      Distributive share of subtractions
Lines 8 and 21                                                               Schedule M and any required support listed on Schedule M
                      Other additions                                                Check the box on Form IL-1120, Step 1, Line L
                      Other subtractions                          
Lines 11 through 15                                                          Schedule 1299-B and any required support listed on Schedule
                      River Edge Redevelopment Zone                          1299-B
                    Dividend subtraction
                      River Edge Redevelopment Zone
                    Interest subtraction
                      High Impact Business Dividend subtraction
                      High Impact Business Interest subtraction
                      Contribution subtraction
Line 17                 Foreign Dividend Subtraction                         Illinois Schedule J, and U.S. 1120, Schedule C or equivalent
Lines 24 and 32                                                              Schedule NB 
                      Nonbusiness income or loss 
                      Nonbusiness income or loss allocable to Illinois
Lines 25 and 33                                                              Schedule(s) K-1-P or K-1-T
                      Business income or loss from non-unitary
                    partnerships, partnerships included on a Schedule UB,                                  Failure to attach the required 
                    S corporations, trusts, or estates                                                     documents may result in the 
                      Business income or loss apportionable to Illinois from                               disallowance of the 
                    non-unitary partnerships, partnerships included on a                                   corresponding line item.
                    Schedule UB, S corporations, trusts, or estates
Line 36                 Discharge of indebtedness adjustment                 Federal Form 982
                                                                                     Check the box on Form IL-1120, Step 1, Line U
Line 38                 Illinois net loss deduction                            Schedule NLD or UB/NLD (for unitary filers)
Lines 41 and 46 Recapture of investment credits                              Schedule 4255
Line 43                 Investment credits                                   Form IL-477 and any required support listed on Form IL-477 
Line 48                 Income tax credits                                     Schedule 1299-D and any required support listed in the
                                                                             Schedule 1299-D instructions or Schedule 1299-I 
                                                                                     Check the box on Form IL-1120, Step 1, Line J
Lines 51 and 54 Foreign Insurer tax reduction                                Schedule INS or Schedule UB/INS (for unitary filers)
                                                                                     Check the box on Form IL-1120, Step 1, Line E
Line 59                 Underpayment of estimated tax penalty                Form IL-2220
                                                                                     If you annualized your income on Form IL-2220, Step 6,
                                                                             check the box on Form IL-1120, Step 1, Line W
Line 61c                Pass-through withholding reported                    All Schedules K-1-P and K-1-T you received showing  
                          to you                                             pass-through withholding 
Line 61d                Pass-through entity tax credit                       All Schedules K-1-P and K-1-T you received showing  
                          reported to you                                    pass-through entity tax credit
                    Line 61e  Illinois income tax withholding                 Copies of all Forms W-2G

IL-1120 (R-12/23)                                                                                                                Page 4 of 4






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