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If 1120 S has capital gain income for Sub S members related to distributions in excess of basis, is that income which passes through to the IL return subject to IL Replacement Tax? If it is not subject to IL tax how is it excluded on the IL-1120-ST. ...
I agree with Brian - There is nothing we can do except wait. Very frustrating for my clients with refunds coming. ------------------------------ James Perkins James C. Perkins, CPA James C Perkins CPA P C Arlington Heights IL (847) 392-5675 ------- ...
Perfect - Thank you Brian. ------------------------------ James Perkins James C. Perkins, CPA James C Perkins CPA P C Arlington Heights IL (847) 392-5675 ------------------------------
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