Corporations must file Form IL-1120 (Corporation Income and Replacement Tax Return)
LLCs taxed as corporations use the same form
LLCs taxed as partnerships or disregarded entities may need Form IL-1065 or IL-1040 (Schedule NR)
Cost: Free — the Illinois Department of Revenue does not charge a filing fee, but taxes owed must be paid

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Illinois MyTax Portal
https://mytax.illinois.gov
IRS (for federal return reference)
https://www.irs.gov/businesses
Business name, FEIN, and Illinois file number
Prior year’s taxable income or loss
Current-year income, deductions, and credits
Authorized and issued capital stock (for corporations)
Payment method for franchise tax due (ACH debit or credit card)
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Log into the MyTax Illinois portal
Choose the correct filing form (IL-1120, IL-1065, or IL-1040)
Fill out all required sections carefully, ensuring figures match your financial statements
Attach supporting schedules if requested (balance sheet, statement of income)
Submit your return and make payment online

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You’ll receive a filing acknowledgment and payment confirmation from the Department of Revenue.
Keep this for your records — it may be required for annual report renewal or Certificate of Good Standing.