Illinois Administrative Code › Title 86 - REVENUE › Part 2000 - ILLINOIS ESTATE AND GENERATION-SKIPPING TRANSFER TAX RETURN › Section 2000.100 - Prescribed Return

Current through Register Vol. 48, No. 28, July 12, 2024
All persons required by Section 6(c) of the Illinois Estate and
				Generation-Skipping Transfer Tax Act [35
				ILCS 405/6(c) ] to file a return
				pursuant to the Illinois Estate and Generation-Skipping Transfer Tax shall file
				a return. The Attorney General shall provide a form for the return, but other
				forms that contain the information prescribed in this Section will also be
				accepted. An acceptable form must contain the following information:
a) Decedent's name;
b) Date of death;
c) Decedent's complete address;
d) Decedent's Social Security
			 Number;
e) Name of Illinois county
			 in which decedent resided or, if non-resident, Illinois county in which the
			 greatest value of property is located;
f) Name of personal representative or person
			 filing return;
g) Complete address
			 and telephone number of personal representative or person filing
			 return;
h) Name of preparer of
			 return;
i) Complete address and
			 telephone number of preparer of return;
j) Statement of whether a federal estate tax
			 return is required to be filed and, if so, a copy of the federal return shall
			 be attached to the Illinois return; if not, an itemized schedule of all assets,
			 wherever located, in the form described in Section
			 2000.110, shall be
			 attached;
k) Statement of whether
			 the decedent was an Illinois resident, a non-resident or an alien, and the year
			 domicile was established;
l)
			 Statement of the due date of the return, any extension of the due date of the
			 federal estate tax return, and, if extended, a copy of the federal return
			 extension request;
m) A
			 certification that the return, and all accompanying schedules and attachments,
			 are true and correct and that any copies of the federal return and its
			 attachments are true and correct copies of the originals;
n) Signature, title and date of signature of
			 the personal representative;
o)
			 Signature and date of signature of the preparer;
p) A statement of the total amount of
			 Illinois estate tax due, which is an amount equal to the maximum tax credit
			 calculable from the federal state death tax credit table in effect on December
			 31, 2001 ( 26 USCA 2011(b)(1) (West 2002));
q) A statement of taxes that were paid to
			 other states and that would have qualified for the federal state death tax
			 credit as of December 31, 2001 in accordance with subsection (p) of this
			 Section;
r) A statement of the net
			 tax remaining after deduction of qualifying taxes paid to other
			 states;
s) A statement of the gross
			 estate value for estate tax purposes of assets having taxable situs in
			 Illinois;
t) A statement of the
			 gross estate assets' value for federal estate tax purposes wherever
			 located;
u) A statement of the
			 percentage of Illinois situs assets to gross estate assets;
v) A statement as to the amount of tax
			 attributable to Illinois as determined by multiplying the total amount of
			 Illinois estate tax due by the percentage of the Illinois situs assets to gross
			 estate assets;
w) A statement of
			 the maximum allowable credit for state taxes pursuant to section 2604 of the
			 Internal Revenue Code (
			 26 USC
			 2604, Generation-Skipping Transfer Tax
			 provisions). If any such credit is allowable, the federal Generation-Skipping
			 Transfer Tax return with computations shall be attached;
x) A statement of any allowable
			 Generation-Skipping Transfer Tax credit for tax paid to other states;
y) A statement of the difference between the
			 total Generation-Skipping Transfer Tax state credit and the amount paid to
			 other states;
z) A statement of the
			 total tax payable to Illinois;
aa)
			 A statement of any late filing penalty;
bb) A statement of any late payment
			 penalty;
cc) A statement of any
			 interest;
dd) A statement of the
			 total tax, penalties, and interest due;
ee) A statement of all payments made and
			 copies of receipts for payments;
ff) A statement of any balance due;
gg) A statement of any amount payable in
			 installments under
			 35 ILCS
			 405/6;
hh)
			 If any amounts are payable in installments, a statement of the gross value of
			 the closely held business in Illinois, the gross value of all Illinois assets,
			 the percentage of Illinois closely held business assets to all Illinois assets,
			 and the result of applying the percentage to tax due Illinois.