Supported Forms

The following Illinois forms are supported in Drake Tax 2023. Forms denoted with can be e-signed.

Form	Description	IND	CRP	SCRP	PTR	FID
EFT-1	Authorization Agreement for Certain Electronic Payments		P	P
IL-56	Notice of Fiduciary Relationship					P
IL-477	Replacement Tax Investment Credits		P	P	P	P
IL-505-I	Automatic Extension Payment	P
IL-1000-E	Certificate of Exemption for Pass-Through Withholding			P	P	P
IL-1040	Individual Income Tax Return	P
IL-1040-ES	Estimated Income Tax Payment for Individuals	P
IL-1040-V	Payment Voucher for Individual Income Tax	P
IL-1040-X	Amended Individual Income Tax Return	P
IL-1040-X-V	Payment Voucher for Amended Individual Income Tax	P
IL-1041	Fiduciary Income and Replacement Tax Return					P
IL-1041-V	Payment Voucher for Fiduciary Income and Replacement Tax					P
IL-1041-X	Amended Fiduciary Income and Replacement Tax Return					P
IL-1041-X-V	Payment Voucher for Amended Fiduciary Income and Replacement Tax					P
IL-1065	Partnership Replacement Tax Return				P
IL-1065-V	Payment Voucher for Partnership Replacement Tax				P
IL-1065-X	Amended Partnership Replacement Tax Return				P
IL-1065-X-V	Payment Voucher for Amended Partnership Replacement Tax				P
IL-1120	Corporation Income and Replacement Tax Return		P
IL-1120-ST	Small Business Corporation Replacement Tax Return			P
IL-1120-ST-V	Payment Voucher for Small Business Corporation Replacement Tax			P
IL-1120-ST-X	Amended Small Business Corporation Replacement Tax Return			P
IL-1120-ST-X-V	Payment Voucher for Amended Small Business Corporation Replacement Tax			P
IL-1120-V	Payment Voucher for Corporation Income and Replacement Tax		P
IL-1120-X	Amended Corporation Income and Replacement Tax Return		P
IL-1120-X-V	Payment Voucher for Amended Corporation Income and Replacement Tax		P
IL-1310	Statement of Person Claiming Refund Due a Deceased Taxpayer	P
IL-2210	Computation of Penalties for Individuals	P
IL-2220	Computation of Penalties for Businesses		P	P	P	P
IL-2848	Power of Attorney	P	P	P	P	P
IL-2848-A	Power of Attorney Additional Information	P	P	P	P	P
IL-2848-B	Power of Attorney Specific Authority Granted	P	P	P	P	P
IL-2848-E	Power of Attorney for Electronic Processing	P	P	P	P	P
IL-4255	Recapture of Investment Tax Credits	P	P	P	P	P
IL-4562	Special Depreciation	P	P	P	P	P
IL-4852	Substitute for Unobtainable Form W-2	P
IL-8453	Individual Income Tax Electronic Filing Declaration	P
IL-8948	Electronic Filing Opt-Out Declaration	P
IL-OF	Illinois Consent to Disclosure (Online Filing)	P
Schedule 80/20	Related-Party Expenses		P	P	P	P
Schedule 1299-A	Tax Subtractions and Credits (for partnerships and S corporations)			P	P
Schedule 1299-B	River Edge Redevelopment Zone or Foreign Trade Zone (or sub-zone) Subtractions (for corporations and fiduciaries)		P			P
Schedule 1299-C	Income Tax Subtractions and Credits (for individuals)	P
Schedule 1299-D	Income Tax Credits (for corporations and fiduciaries)		P			P
Schedule 1299-I	Income Tax Credits Worksheet	P	P	P	P	P
Schedule B	Partners’ or Shareholders’ Information			P	P
Schedule CR	Credit for Tax Paid to Other States	P				P
Schedule D	Beneficiaries Identification					P
Schedule G	Voluntary Charitable Donations	P
Schedule ICR	Illinois Credits	P
Schedule IL-E/EIC	Illinois Exemption and Earned Income Credit	P
Schedule IL-WIT	Illinois Income Tax Withheld	P
Schedule K-1-P	Partner's or Shareholder's Share of Income, Deductions, Credits, and Recapture	P	P	P	P	P
Schedule K-1-P(3)	Pass-Through Withholding Calculation for Nonresident Members			P	P
Schedule K-1-P(4)	Investment Partnerships Withholding Calculation for Nonresident Partners				P
Schedule K-1-T	Beneficiary's Share of Income and Deductions	P	P	P	P	P
Schedule K-1-T(3)	Pass-Through Withholding Calculation for Nonresident Members					P
Schedule M	Other Additions and Subtractions for Individuals	P
Schedule M	Other Additions and Subtractions for Businesses		P	P	P	P
Schedule NB	Nonbusiness Income		P	P	P
Schedule NLD Worksheet	Illinois Net Loss Deduction		P	P	P	P
Schedule NR	Nonresident Computation of Fiduciary Income	P				P

New Forms

• Illinois Expanded EITC Worksheet — Helps taxpayers who do not qualify for federal EITC but do qualify for IL EITC calculate the basis for their IL EITC

• Schedule K-1-P(4) — Investment Partnerships Withholding Calculation for Nonresident Partners

Modified Forms

• Form IL-4562, Special Depreciation — Added 60% bonus depreciation

• Forms IL-1041 and IL-1041-X, (Amended) Fiduciary Income and Replacement Tax Return — Added a “Grantor’s trust” check box to Step 1, line D

• Schedule ICR (Form IL-1040), Illinois Credits — Added the Volunteer Emergency Worker Credit

• Schedule M (Form IL-1040), Other Additions and Subtractions for Individuals

  • Added line 40, “Deductions for cannabis establishments that were disallowed under IRC Section 280E for the taxable year”

  • Reserved several lines for future subtractions

• Reformatted Section B of Schedules B and D and removed the address change box (Step 1, line B) from the following forms:

  • IL-1041, Fiduciary Income and Replacement Tax Return

  • IL-1041-X, Amended Fiduciary Income and Replacement Tax Return

  • IL-1065, Partnership Replacement Tax Return

  • IL-1065-X, Amended Partnership Replacement Tax Return

  • IL-1120-ST, Small Business Corporation Replacement Tax Return

  • IL-1120-ST-X, Amended Small Business Corporation Replacement Tax Return

Retiring Forms (2024)

• IL-1041-V, Payment Voucher for Fiduciary Income and Replacement Tax

• IL-1065-V, Payment Voucher for Partnership Replacement Tax

• IL-1120-V, Payment Voucher for Corporation Income and Replacement Tax

• IL-1120-ST-V, Payment Voucher for Small Business Corporation Replacement Tax

Tax Law Changes

• Public Act 102-0700

  • The Illinois EITC has been increased to 20% of the federal EITC and expanded to taxpayers (with an ITIN) between the ages of 18 – 25 and taxpayers aged 65 or older without a qualifying child. This has resulted in significant changes to Schedule IL-E/EIC, Illinois Exemption and Earned Income Tax Credit, and the introduction of the Illinois Expanded EITC Worksheet.

  • The K-12 Instructional Materials Credit (claimed on Schedule 1299-C, Income Tax Subtractions and Credits (for individuals)) has been increased to $500.

• Public Act 103-0009

  • Investment partnerships are now required to withhold taxes for their nonresident partners. As a result, line 59b, “Investment partnership withholding,” has been added to Forms IL-1065 and IL-1065-X, (Amended) Partnership Replacement Tax Return. Schedule K-1-P(4) has been created to aid in calculating the withholding requirement.

  • The Volunteer Emergency Worker Credit has been added to line 16 of Form IL-1040, Individual Income Tax Return, and Schedule ICR, Illinois Credits.