Skip to main content
 
 
 
 
Taxpayer Answer Center

Quick Links

Information For

About IDOR

Got Questions?

Do I need to file my IL-1120 if it shows a net loss?

Answer #87 -- ( Published 08/04/2005 02:45 PM | Updated 02/08/2018 8:39 AM )

Do I need to file my IL-1120 if it shows a net loss?

If you are required to file an Illinois return (see “Who must file Form IL-1120?”), the return must be filed in a timely manner, regardless of net income or loss. If the loss return calculates an overpayment for which you expect to receive a refund or request a credit carry forward, you must file the loss return within 3 years of the extended due date of the loss return to receive a refund or credit carry forward.

Answers others found helpful


Submit a question

:
:

: