Illinois Pass-through Prepayment [OBSOLETE]

Pass-through Prepayment [OBSOLETE]
2018 Form IL-516-I and Form IL-516-B, Pass-through Prepayment Vouchers
			
Illinois Department of Revenue
	 Form IL-516-I and Form IL-516-B	
What is the purpose of Form IL-516-I and
Form IL-516-B?
For tax years ending on or after December 31, 2014,
Form IL-516-I and Form IL-516-B, Pass-through Prepayment
Vouchers, allow taxpayers to
•	

voluntarily prepay pass-through withholding on behalf of
their partners, shareholders, or beneficiaries, and

•	

voluntarily prepay their own tax liability from
•	
•	
•	

Form IL-1065, Partnership Replacement Tax Return,
Form IL-1120-ST, Small Business Corporation
Replacement Tax Return, or
Form IL-1041, Fiduciary Income and Replacement Tax
Return.

Form IL-1023-C, Composite Income and Replacement
Tax Return, and Form IL-1000, Pass-through Entity Payment
Income Tax Return, have been eliminated for tax years ending
on or after December 31, 2014. Amounts that would have been
reported on Form IL-1023-C and Form IL-1000 will be reported
on Form IL-1065, Form IL-1120-ST, or Form IL-1041. In addition,
these amounts will be paid with those returns, with Form
IL-505-B, Automatic Extension Payment, or voluntarily prepaid
with Form IL-516-I or Form IL-516-B.
Form IL-1023-CES, Composite Estimated Tax Payments for
Partners and Shareholders, and Form IL-1000-P, Prepayment
Voucher for Pass-through Entity Payments, also have been
eliminated and cannot be used for making prepayments for tax
years ending on or after December 31, 2014. These vouchers
have been replaced by Form IL-516-I and Form IL-516-B.

Should I use Form IL-516-I or Form IL-516-B?
Form IL-516-I is used to
•	

voluntarily prepay pass-through withholding on behalf of
your nonresident individual and estate members only.

Form IL-516-B is used to
•	

voluntarily prepay your own estimated tax liability, and

•	

voluntarily prepay pass-through withholding on behalf of
your partnership or S corporation, nonresident trust, and
corporation members.

Depending on the types of your members and whether or not
you wish to prepay your own estimated tax liability, you could file
Form IL-516-I, Form IL-516-B, or both. Step 1 will assist you in
determining which voucher(s) you should use.
Different entity types use different calculations to
determine the amount of voluntary prepayment to be reported on
Form IL-516-I or Form IL-516-B. Using the incorrect voucher may
result in a delay in the processing of your annual Illinois Income Tax
return (i.e., Form IL-1065, Form IL-1120-ST, or Form IL-1041).
Follow the instructions on the Form IL-516-I and Form IL-516-B
worksheets to ensure you are using the correct voucher for the
entity type for which you wish to make prepayments.
Form IL-516 Instructions (R-12/17)

2018

Am I required to make prepayments?
No. A partnership, S corporation, or fiduciary is not required to
make prepayments of its own estimated tax liability. It also is
not required to make pass-through withholding prepayments on
behalf of its partners, shareholders, or beneficiaries.
However, it may make voluntary prepayments of such amounts
by filing Form IL-516-I or Form IL-516-B.
Complete the worksheets for Form IL-516-I and Form IL-516-B,
as applicable, to figure your voluntary prepayment amounts.
Form IL-516-I and Form IL-516-B prepayments are not
required. However, in order to avoid late-payment penalties and
interest you must report and pay any liability you owe on your
tax return by the original due date of that return.

What are the voluntary prepayment due dates?
Prepayments using Form IL-516-I or Form IL-516-B are
entirely voluntary. There are no required due dates for making
prepayments. However, we do provide a suggested payment
schedule on Form IL-516-I and Form IL-516-B that you may
follow if you wish to make your prepayments in four equal
installments during the course of a year.

Can I use another voucher to make prepayments?
No. Using a voucher other than Form IL-516-I or Form IL-516-B
to make these voluntary prepayments may result in your funds
being misapplied, processing delays, and penalties when you
file your annual Illinois Income Tax return (i.e., Form IL-1065,
Form IL-1120-ST, or Form IL-1041).

Can I make my prepayments electronically?
Yes. If you prefer to make your payments electronically, use
MyTax Illinois or Modernized E-File (MeF) systems, or you may
use Form EFT-1, Authorization Agreement for Certain Electronic
Payments, to set up ACH credit or phone debit. These options
can be found on our website at tax.illinois.gov.
If you make your payments electronically, do not mail us
your Form IL-516-I or Form IL-516-B.

Where should I mail my prepayments?
You should mail your payment, with your voucher, to the address
listed on the voucher you are using.
Attach each payment to the Form IL-516-I or Form IL-516-B
voucher. Do not send prepayments with your annual return.
Make your check or money order payable to “Illinois Department
of Revenue.”

What if I need additional assistance?
•	
•	
•	
•	

Visit our website at tax.illinois.gov;
Call our Taxpayer Assistance Division at 1 800 732-8866,
217 782-3336;
Call our TDD (telecommunications device for the deaf) at
1 800 544-5304; or
Visit a regional office.

Our office hours are 8:00 a.m. to 5:00 p.m. (Springfield office) and
8:30 a.m. to 5:00 p.m. (regional offices), Monday through Friday.
Page 1 of 7

Use your mouse or Tab key to move through the fields. Use your mouse or space bar to enable check boxes.

	Form IL-516-I and Form IL-516-B Worksheet				

2018

Step 1: Check the following boxes to determine which worksheets you should complete.
	
(You may check multiple boxes.)
	 1	
		
	 2	
		
	3	
		
	 4	
		
	 5	

If you have nonresident individual and estate members that you wish to voluntarily prepay pass-through
withholding on behalf of, check this box and complete Step 2 of this worksheet. .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .
If you have partnership or S corporation members that you wish to voluntarily prepay pass-through withholding
on behalf of, check this box and complete Step 3 of this worksheet.  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .
If you have nonresident trust members that you wish to voluntarily prepay pass-through withholding on behalf of,
check this box and complete Step 4 of this worksheet.  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .
If you have corporation members that you wish to voluntarily prepay pass-through withholding on behalf of, check
this box and complete Step 5 of this worksheet.  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .
If you wish to prepay your own estimated tax liability, check this box and complete Step 6 of this worksheet.  .  .  .  .

Step 2: Figure your pass-through 	withholding prepayments for nonresident individual and estate 	
	
members.
Complete each step that corresponds to the box you checked in Step 1. If you do not complete this step, enter “0” on Step 2, 	
			 Line 7, and Step 7, Line 1.
If you have nonresident individual and estate members that you wish to voluntarily prepay pass-through withholding on behalf of, you
must complete Form IL-516-I. To determine the amount of your prepayment, complete this worksheet. Keep this record for your files.

	 1	
		
	 2	
		
	3	
	4	

Enter your nonresident individual and estate members’ share of business income apportioned
to Illinois expected in 2018 (cannot be less than zero).			
Enter your nonresident individual and estate members’ share of nonbusiness income allocable
to Illinois expected in 2018 (cannot be less than zero).			
Add Lines 1 and 2 and enter the result.				
Multiply Line 3 by 4.95% (.0495) and enter the result.			

1 	
2	
3	
4	

	 5	 Partnership and S corporation filers only - Enter the amount of Illinois income tax credits
		 expected in 2018 to be passed to the members whose income is included on Lines 1 or 2.	

5	

	 6	 Subtract Line 5 from Line 4 and enter the result.			

6	

	 7	 Divide Line 6 by 4. This is the amount of each of your voluntary prepayments for nonresident
		 individual and estate members. Enter this amount on Step 7, Line 1.		
	

7	

Step 3: Figure your pass-through withholding prepayments for partnership or S corporation members.
Complete each step that corresponds to the box you checked in Step 1. If you do not complete this step, enter “0” on Step 3, 	
			 Line 7, and Step 7, Line 2.
If you have partnership or S corporation members that you wish to voluntarily prepay pass-through withholding for, complete this
worksheet. Keep this record for your files.

	 1	
		
	 2	
		
	3	
	4	

Enter your partnership or S corporation members’ share of business income apportioned
to Illinois expected in 2018 (cannot be less than zero).			
Enter your partnership or S corporation members’ share of nonbusiness income allocable
to Illinois expected in 2018 (cannot be less than zero).			
Add Lines 1 and 2 and enter the result.				
Multiply Line 3 by 1.5% (.015) and enter the result.			

1 	
2	
3	
4	

	 5	 Partnership and S corporation filers only - Enter the amount of Illinois replacement tax
		 investment credits expected in 2018 to be passed to the members whose income is included
		 on Lines 1 or 2.				

5	

	 6	 Subtract Line 5 from Line 4 and enter the result.			

6	

	 7	 Divide Line 6 by 4. This is the amount of each of your voluntary prepayments for partnership
		 or S corporation members. Enter this amount on Step 7, Line 2.		
	

7	

Form IL-516 Instructions (R-12/17)

Page 2 of 7

	Form IL-516-I and Form IL-516-B Worksheet			

	2018

Step 4: Figure your pass-through withholding prepayments for nonresident trust members.
Complete each step that corresponds to the box you checked in Step 1. If you do not complete this step, enter “0” on Step 4, 	
			 Line 11, and Step 7, Line 3.
If you have nonresident trust members that you wish to voluntarily prepay pass-through withholding for, complete this worksheet. Keep
this record for your files.

	 1	
		
	 2	
		
	3	
	4	

Enter your nonresident trust members’ share of business income apportioned to Illinois
expected in 2018 (cannot be less than zero).				
Enter your nonresident trust members’ share of nonbusiness income allocable to Illinois
expected in 2018 (cannot be less than zero).				
Add Lines 1 and 2 and enter the result.				
Multiply Line 3 by 1.5% (.015) and enter the result.			

	 5	 Partnership and S corporation filers only - Enter the amount of Illinois replacement tax
		 investment credits expected in 2018 to be passed to the members whose income is included
		 on Lines 1 or 2.				
	 6	 Subtract Line 5 from Line 4 and enter the result.			
	7	 Multiply Line 3 by 4.95% (.0495) and enter the result.			

1 	
2	
3	
4	

5	
6	
7	

	 8	 Partnership and S corporation filers only - Enter the amount of Illinois income tax credits
		 expected in 2018 to be passed to the members whose income is included on Lines 1 or 2.	

8	

	 9	 Subtract Line 8 from Line 7 and enter the result.			

9	

	10	 Add Line 6 and Line 9 and enter the result.		

		

	11	 Divide Line 10 by 4. This is the amount of each of your voluntary prepayments for nonresident
		trust members. Enter this amount on Step 7, Line 3.		
	

10	
11	

Step 5: Figure your pass-through withholding prepayments for corporation members.
Complete each step that corresponds to the box you checked in Step 1. If you do not complete this step, enter “0” on Step 5, 	
			 Line 11, and Step 7, Line 4.
If you have corporation members that you wish to voluntarily prepay pass-through withholding for, complete this worksheet. Keep this
record for your files.

	 1	
		
	 2	
		
	3	
	4	

Enter your corporation members’ share of business income apportioned to Illinois expected in
2018 (cannot be less than zero).				
Enter your corporation members’ share of nonbusiness income allocable to Illinois expected in
2018 (cannot be less than zero).				
Add Lines 1 and 2 and enter the result.				
Multiply Line 3 by 2.5% (.025) and enter the result.			

1 	
2	
3	
4	

	 5	 Partnership and S corporation filers only - Enter the amount of Illinois replacement tax
		 investment credits expected in 2018 to be passed to the members whose income is included
		 on Lines 1 or 2.				

5	

	 6	 Subtract Line 5 from Line 4 and enter the result.			
	7	 Multiply Line 3 by 7% (.07) and enter the result.			

6	
7	

	 8	 Partnership and S corporation filers only - Enter the amount of Illinois income tax credits
		 expected in 2018 to be passed to the members whose income is included on Lines 1 or 2.	

8	

	 9	 Subtract Line 8 from Line 7 and enter the result.			

9	

	10	 Add Line 6 and Line 9 and enter the result.				

10	

	11	 Divide Line 10 by 4. This is the amount of each of your voluntary prepayments for corporation
		members. Enter this amount on Step 7, Line 4.	
		

11	

Form IL-516 Instructions (R-12/17)

Page 3 of 7

	Form IL-516-I and Form IL-516-B Worksheet			

	2018

Step 6: Figure your own tax liability prepayments.
Complete each step that corresponds to the box you checked in Step 1. If you do not complete this step, enter “0” on Step 6, 	
			 Line 11, and Step 7, Line 5.
If you wish to voluntarily prepay your own income and replacement tax liability, complete this worksheet. Keep this record for your files.

	 1	 Enter the amount of Illinois net income expected in 2018.			
	 2	 Figure your tax before credits.
			 Partnerships and S corporations: Multiply Line 1 by 1.5% (.015).
			 Trusts: Multiply Line 1 by 6.45% (.0645).
			 Estates: Multiply Line 1 by 4.95% (.0495).			
	3	 Enter the amount of recapture of investment credits expected in 2018.			
	4	 S corporations, Trusts, and Estates only - Enter the amount of Compassionate Use of
		 Medical Cannabis Pilot Program Act surcharge expected in 2018.			
	5	 Add Lines 2 through 4 and enter the result.				
	 6	 Enter the amount of Illinois tax credits expected in 2018 as calculated on the corresponding
		 Form IL-477, Schedule CR, or Schedule 1299-D.			

1 	

2	
3	
4	
5	
6	

	 7	 Enter the amount of pass-through entity payments expected to be made on your behalf in 2018.	 7	
	8	
		
		
		
	9	

Partnerships and S corporations: Enter the amount of Illinois gambling withholding shown
on any 2018 Form W-2G you received.
Trusts and Estates: Enter the amount of Illinois Income Tax withheld or expected to be
withheld on any 2018 Forms W-2, W-2G, or federal 1099 forms.			
Add Lines 6 through 8 and enter the result.				

	10	 Subtract Line 9 from Line 5 and enter the result.			

8	
9	
10	

	11	 Divide Line 10 by 4. This is the amount of each of your voluntary prepayments for your own tax
		liability. Enter this amount on Step 7, Line 5.				
11	

Step 7: Complete your prepayment vouchers.
		 Depending on the makeup of your members and whether or not you wish to prepay your own estimated tax liability, you could 	
				 file Form IL-516-I, Form IL-516-B, or both.

Form IL-516-I prepayments	
	1	 Enter the amount from Step 2, Line 7, here and on Form IL-516-I. (If this amount is “0,”
		 do not complete Form IL-516-I.)			
	
1 	
	Form IL-516-B prepayments
	 2	 Enter the amount from Step 3, Line 7.		
2	
	3	 Enter the amount from Step 4, Line 11.		
3	
	4	 Enter the amount from Step 5, Line 11.		
4	
	 5	 Enter the amount from Step 6, Line 11.		
5	
	 6	 Add Line 2 through Line 5. Enter this amount here and on Form IL-516-B. (If this amount is “0,”
		 do not complete Form IL-516-B.)	
		
	
6	
In order to avoid processing delays, complete your vouchers by following the instructions below.
	7	
	 	
	
	
	 8	

As applicable, ensure the amount written on
•	 Step 7, Line 1, is the amount you are paying with Form IL-516-I, and
•	 Step 7, Line 6, is the amount you are paying with Form IL-516-B.
Enter your federal employer identification number (FEIN), name, address, phone number, and tax year on your voucher(s).

	9	 •	
		• 	
		• 	
		• 	

Detach the voucher(s) and enclose a check or money order for the amount you are paying.
Write your FEIN, tax year ending, and “Form IL-516-I” or “Form IL-516-B”, as applicable, on your payment(s).
Mail your completed voucher(s) and payment(s) to the address shown on the voucher(s).
Complete Step 8 on the following page for your records.

Form IL-516 Instructions (R-12/17)

	

Page 4 of 7

Form IL-516-I and Form IL-516-B Worksheet			

	2018

Step 8: Record your prepayments.
For your convenience this table is presented with eight rows for entries. You may use more or less than 8 rows 		
depending on:
•	
the types of your members,
•	
whether or not you wish to prepay your own estimated tax liability, and
•	
how many installments you choose to make.

	

	
			
	
Voucher	
Voucher type	
	
amount	
IL-516-I 	
IL-516-B	

Voucher
date	

	
	

Check or
money order
number

	$
	$
	$
	$

	$
	$
	$
	$

	 Total $

Reset Worksheet
Form IL-516 Instructions (R-12/17)

Print Worksheet

This form is authorized as outlined by the Illinois Income Tax Act. Disclosure of this
information is REQUIRED. Failure to provide information could result in a penalty.

Page 5 of 7

	Form IL-516-I					

	 2018

Reminders to avoid processing delays:
If you pay electronically, do not mail Form IL-516-I.
Ensure the amount written on Step 7, Line 1, is the amount you are paying with Form IL-516-I.

•	
•	

If you wrote “0” on Step 7, Line 1, do not submit Form IL-516-I.

	

•	
•	
•	
•	

	
	
	
	

Enter your federal employer identification number (FEIN).
Enter your name, C/O information (if applicable), address, and phone number.
Enter the month and year your tax year ends.
Enter the amount you are paying. Use whole dollars only.

•	

Detach the voucher and enclose a check or money order for the amount you are paying.

•	

Write your FEIN, tax year ending, and “Form IL-516-I” on your payment.

•	

Make your check or money order payable to “Illinois Department of Revenue.”

•	

Mail your completed voucher and payment to the address shown on the voucher.

Form IL-516-I (R-12/17)

Page 6 of 7

	

		
Illinois
Department
of
Revenue
Pass-through Prepayment Voucher	
			
	

	

		
IL-516-I

(R-12/17)	 Station no: 774

(for withholding from individuals and estates)

	

ID: 110

•   15th day of the 4th month
•   15th day of the 6th month
•   15th day of the 9th month
•   15th day of the 1st month of the following year

	

FEIN:

Official use only

Prepayment schedule

		
Mail to: ILLINOIS DEPARTMENT OF REVENUE
				
PO BOX 19017
				
SPRINGFIELD IL 62794-9017
	

	

Tax year ending

	

Name:

	

Month	
		
	 Year

	

C/O:

	

$

	
	

Mailing
address:

	

City:

	

Phone:

State:
(

)

ZIP:

Reset IL-516-I

00

Payment Amount (Whole dollars only)
Write your FEIN, tax year ending, and “IL-516-I” on
	 			
your check or money order and make it payable to
“Illinois Department of Revenue.”

	

Print IL-516-I

*177740001*

Form IL-516-B					

	 2018

Reminders to avoid processing delays:
If you pay electronically, do not mail Form IL-516-B.
Ensure the amount written on Step 7, Line 6, is the amount you are paying with Form IL-516-B.

•	
•	

If you wrote “0” on Step 7, Line 6, do not submit Form IL-516-B.

	

•	
•	
•	
•	

	
	
	
	

Enter your federal employer identification number (FEIN).
Enter your name, C/O information (if applicable), address, and phone number.
Enter the month and year your tax year ends.
Enter the amount you are paying. Use whole dollars only.

•	

Detach the voucher and enclose a check or money order for the amount you are paying.

•	

Write your FEIN, tax year ending, and “Form IL-516-B” on your payment.

•	

Make your check or money order payable to “Illinois Department of Revenue.”

•	

Mail your completed voucher and payment to the address shown on the voucher.

Form IL-516-B (R-12/17)

Page 7 of 7

	

		
Illinois
Department
of
Revenue
Pass-through Prepayment Voucher	
			
	

	

		
IL-516-B

(R-12/17)	 Station no: 775

(for withholding from corporations, partnerships, and trusts)

		
Mail to: ILLINOIS DEPARTMENT OF REVENUE
				
PO BOX 19024
				
SPRINGFIELD IL 62794-9024
	

	

	

FEIN:

Official use only

ID: 110

Prepayment schedule

•   15th day of the 4th month
•   15th day of the 6th month
•   15th day of the 9th month
•   15th day of the 1st month of the following year

	

Tax year ending

	

Name:

	

Month	
		
	 Year

	

C/O:

	

$

	
	

Mailing
address:

	

City:

	

Phone:

State:
(

)

ZIP:

Reset IL-516-B

00

Payment Amount (Whole dollars only)
Write your FEIN, tax year ending, and “IL-516-B” on
	 			
your check or money order and make it payable to
“Illinois Department of Revenue.”

	

Print IL-516-B

*177750001*