Partnership may file composite returns on behalf of nonresident individual partners who have no other sources of Illinois income. Nonresident partners with no Illinois sourced income other than from partnerships may join in composite returns filed by those partnerships without the need for filing a petition as long as all Illinois sourced income is reported and taxed on the composite returns. In the case of an Illinois resident individual, only income from California sources is actually taxed by California. The limitation on the foreign tax credit allowed cannot be computed using income from all sources used by California to determine the rate of tax imposed. Exempt organizations are subject to Illinois income tax on unrelated business taxable income.
Exempt organizations are subject to Illinois income tax on unrelated business taxable income.
Reporting of federal changes, payment of resulting liabilities and claims for resulting refunds discussed. Innocent spouse relief may be available to spouse who was unaware that no payment was made of liabilities shown on joint returns. Response to survey regarding taxation of municipal bond interest. Nexus determinations are beyond the scope of letter rulings. Activities related to the sale and delivery of farm products in Illinois by nonresident go beyond activities protected by Public Law 86-272.