What's new for Illinois Income Tax

              This bulletin summarizes the 2007 Illinois
Income Tax changes for business and
individual income tax forms and schedules.
It also explains the new withholding income
tax changes for 2008.
What changes have been made
to the 2007 Illinois Income Tax
forms?
The income tax forms include the following
changes:
Forms IL-1041, Fiduciary Income and
Replacement Tax Return, IL-990-T,
Exempt Organization Income and
Replacement Tax Return, and Form
IL-1023-C, Composite Income and
Replacement Tax Return, have been
completely revised. The new forms
provide a step-by-step structure that
allows taxpayers ease in completing
the forms. The new forms also include
detailed line items for all addition and
subtraction modifi cations that require
Illinois schedules to be attached.
For tax years ending on or after
December 31, 2007, the revised Form
IL-1041 no longer contains the IL-1041,
Schedule NR, Nonresident Computation
of Fiduciary Income. See “What changes
have been made to the Illinois Income
Tax schedules?” for more information.
If you claim “other additions” or “other
subtractions” on Form IL-1041, you must
What’s New for Illinois
Income Tax
To:
All Income Tax Preparers For information
or forms...
Call us at:
1 800 732-8866 or
217 782-3336
Call our TDD
(telecommunications device
for the deaf) at:
1 800 544-5304
Write us at:
Illinois Department of Revenue
P.O. Box 19044
Springfi eld, IL 62794-9044
Visit our web site at:
tax.illinois.gov
Call our 24-hour
Forms Order Line at:
1 800 356-6302
This bulletin is written to
inform you of recent changes;
it does not replace statutes,
rules and regulations, or
court decisions.
Illinois Department of Revenue
Informational Bulletin
Printed by authority of the State of Illinois
7,785 copies - 1/08 - P.O. Number 2080544
FY 2008-14
January 2008
Brian Hamer
Director of Revenue
complete the Schedule M, Other Additions
and Subtractions (for businesses). See
“What changes have been made to the
2007 Illinois Income Tax schedules?” for
more information.
For tax years ending on or after
December 31, 2007, Forms IL-1041-X,
Amended Fiduciary Income and
Replacement Tax Return, IL-990-T-X,
Amended Exempt Organization Income
and Replacement Tax Return, and Form
IL-1023-C-X, Amended Composite
Income and Replacement Tax Return,
have been developed for the 2007
Forms IL-1041, IL-990-T, and IL-1023-C.
If you are fi ling an amended return for tax
years ending before December 31, 2007,
you must use Form IL-843, Amended
Return or Notice of Change in Income, and
the appropriate revision of Forms IL-1041,
IL-990-T, or IL-1023-C.
Publication 132, Education Expense Credit
General Rules and Requirements for
Parents and Guardians, was created for
Form IL-1040 fi lers to clarify and provide
detailed information for the education
expense credit.
For tax years ending on or after
December 31, 2007, individuals fi ling Form
IL-1040, Individual Income Tax Return, may
subtract National Guard pay from any state
on Form IL-1040, Line 6, if it is included in
their federal adjusted gross income. See
Form IL-1040 Instructions or Publication 102,