Illinois Administrative Code
Title 86 - REVENUE
Part 100 - INCOME TAX
Subpart P - COMPOSITE RETURNS
Section 100.5120 - Composite Returns: Individual Liability
Universal Citation: 86 IL Admin Code ยง 100.5120
Current through Register Vol. 48, No. 38, September 20, 2024
Notwithstanding the assumption of liability by the authorized agent, the persons included in a composite return will continue to remain liable for any unpaid liability attributable to them in their separate capacities. The filing of a composite return will be considered as a group of separate returns which will meet the individual filing requirements of the Illinois Income Tax Act. Persons not included in composite returns are required to meet their Illinois filing and payment obligations separately, and failure to do so could mean the imposition of civil and criminal penalties.
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