- Schedule K-1-P-3 PDF
- Form Content
- Report Error
Pass-through Withholding Calculation for Nonresident Members
Use your mouse or Tab key to move through the fields. Use your mouse or space bar to enable check boxes.Illinois Department of Revenue*78112231W*2023 Schedule K-1-P(3)Year endingPass-through Withholding Calculation for Nonresident Members____To be completed by partnerships filing Form IL-1065 or S corporations filing Form IL-1120-ST.____MonthYearRead this information first:• For tax years ending on or after December 31, 2023, and before December 31, 2024.• You must complete Schedule K-1-P(3) for each nonresident partner or shareholder who has not submitted a Form IL-1000-E to you.• Do not complete Schedule K-1-P(3) for any member who is a resident or who has submitted Form IL-1000-E to you.• Do not complete Schedule K-1-P(3) if you have elected to pay Pass-through Entity Tax.Keep this schedule with your income tax records. You must send us this information if we request it.Step 1: Identify your partnership or S corporation 1 ___________________________________________________ 2 ____ ____ - ____ ____ ____ ____ ____ ____ ____Enter your federal employer identification number (FEIN). Enter your name as shown on your Form IL-1065 or Form IL-1120-ST.Step 2: Identify your nonresident partner or shareholder 3___________________________________________________ 4_____________________________________________________NameSocial Security number or FEIN 5 Check the appropriate box to identify this nonresident partner’s or shareholder’s organization type.individualcorporationtrustpartnershipS corporationestateStep 3: Figure your nonresident partner’s or shareholder’s pass-through withholdingIf this member is a resident or has submitted Form IL-1000-E to you, do not complete this schedule for this member. 6 Add the amounts from this member’s Schedule K-1-P, Step 3, Column B, Lines 12 through 17and 19 and enter the total here. This is your member’s share of nonbusiness income allocable to Illinois before modifications and credits. See instructions before completing.6 7 Add the amounts from this member’s Schedule K-1-P, Step 4, Column B, Lines 20 through 27 and 29 through 31 and enter the total here. This is your member’s share of business income allocable to Illinois before modifications and credits. See instructions before completing.7 8 Add Line 6 and Line 7 and enter the result. 8 9 Add the amounts from this member’s Schedule K-1-P, Column B, Lines 32 through 37 and enter the total here. This is your member’s share of additions allocable to Illinois.910 Add Line 8 and Line 9 and enter the result. 1011 Add the amounts from this member’s Schedule K-1-P, Column B, Lines 38a through 47 and enter the total here. If this member is an individual, partnership, trust, or estate and received Illinois August 1, 1969, appreciation amounts from you, see instructions. This is your member’s share of subtractions allocable to Illinois. 1112 Subtract Line 11 from Line 10. If negative, enter zero. This is your member’s share of Illinois income subject to pass-through withholding. See instructions.12If this member is a nonresident individual or estate, enter zero on Lines 13 through 15 and go to Line 16.13 Replacement tax before credits. If this member is a partnership, S corporation, or nonresident trust, multiply Line 12 by 1.5% (.015) and enter the result;corporation, multiply Line 12 by 2.5% (.025) and enter the result.1314 Enter the amount of Illinois replacement tax investment credits passed to this member and available for use this year. 1415 Subtract Line 14 from Line 13. If negative, enter zero. This is your member’s share of replacement tax after credits. 15If this member is a nonresident partnership or S corporation, enter zero on Lines 16 through 18 and go to Line 19.16 Income tax before credits. See instructions.1617 Enter the amount of Illinois income tax credits passed to this member and available for use this year. See instructions. 1718 Subtract Line 17 from Line 16. If negative, enter zero.This is your member’s share of income tax after credits. 1819 Add Lines 15 and 18 and enter the result. This is your member’s total pass-through withholding.Report this amount on this member’s Schedule K-1-P, Step 7, Line 55. You must also report this amount on your Form IL-1065 or Form IL-1120-ST, Schedule B, Section B, Line J, on the line which reports this member’s amounts.19 Keep a copy of this schedule for each member with your income tax records. Do not send Schedule K-1-P(3) to your members or submit it to the Illinois Department of Revenue unless we specifically request it from you.Schedule K-1-P(3) (R-12/23)This form is authorized as outlined by the Illinois Income Tax Act. Disclosure of thisinformation is REQUIRED. Failure to provide this information could result in a penalty.ResetPrintPrinted by the authority of the stateof Illinois - electronic only - one copy.
2023 Schedule K-1-P(3), Pass-through Withholding Calculation for Nonresident Members
Extracted from PDF file 2023-illinois-schedule-k-1-p-3.pdf, last modified July 2023
Download This Form
Print This Form
More about the Illinois Schedule K-1-P-3Corporate Income TaxNonresidentTY 2023
We last updated the Pass-through Withholding Calculation for Nonresident Members in January 2024,so this is the latest version of Schedule K-1-P-3, fully updated for tax year 2023. You can download or print current or past-year PDFs of Schedule K-1-P-3 directly from TaxFormFinder.You can print other Illinois tax forms here.
Related Illinois Corporate Income Tax Forms:
TaxFormFinder has an additional 75 Illinois income tax forms that you may need, plus all federal income tax forms.These related forms may also be needed with the Illinois Schedule K-1-P-3.
| Form Code | Form Name |
|---|---|
| Schedule K-1-P | Partner's or Shareholder's Share of Income, Deductions, Credits, and RecaptureTax Credit |
| Schedule K-1-T-1 | Instructions for Trusts and Estates Completing Schedule K-1-T and Schedule K-1-T-3) |
| Schedule K-1-T-2 | Beneficiary's Instructions |
| Schedule K-1-T | Beneficiary's Share of Income and Deductions |
| Schedule K-1-T-3 | Pass-through Withholding Calculation for Nonresident MembersNonresident |
View all 76 Illinois Income Tax Forms
Form Sources:
Illinois usually releases forms for the current tax year between January and April.We last updated Illinois Schedule K-1-P-3 from the Department of Revenue in January 2024.
Show Sources >
- Original Form PDF is https://tax.illinois.gov/content/dam/soi/en/web/tax/forms/incometax/documents/currentyear/business/miscellaneous/schedule-k-1-p-3.pdf
- Illinois Income Tax Forms at https://www2.illinois.gov/rev/forms/Pages/default.aspx
- Illinois Department of Revenue at https://www2.illinois.gov/rev/Pages/default.aspx
Schedule K-1-P-3 is an Illinois Corporate Income Tax form. Many states have separate versions of their tax returns for nonresidents or part-year residents - that is, people who earn taxable income in that state live in a different state, or who live in the state for only a portion of the year. These nonresident returns allow taxpayers to specify which which income is subject to the state's taxes, and which is not.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Illinois Schedule K-1-P-3
We have a total of ten past-year versions of Schedule K-1-P-3 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Schedule K-1-P-3
2023 Schedule K-1-P(3), Pass-through Withholding Calculation for Nonresident Members
2022 Schedule K-1-P-3
2022 Schedule K-1-P(3), Pass-through Withholding Calculation for Nonresident Members
2021 Schedule K-1-P-3
2021 Schedule K-1-P(3), Pass-through Withholding Calculation for Nonresident Members
2020 Schedule K-1-P-3
2020 Schedule K-1-P(3), Pass-through Withholding Calculation for Nonresident Members
2019 Schedule K-1-P-3
2019 Schedule K-1-P(3), Pass-through Withholding Calculation for Nonresident Members
2018 Schedule K-1-P-3
2018 Schedule K-1-P(3), Pass-through Withholding Calculation for Nonresident Members
2017 Schedule K-1-P-3
2017 Schedule K-1-P(3), Pass-through Withholding Calculation for Nonresident Members
2016 Schedule K-1-P-3
2016 Schedule K-1-P(3), Pass-through Withholding Calculation for Nonresident Members
2015 Schedule K-1-P-3
2015 Schedule K-1-P(3), Pass-through Withholding Calculation for Nonresident Members
2014 Schedule K-1-P-3
2014 Schedule K-1-P(3), Pass-through Withholding Calculation for Nonresident Members
TaxFormFinder Disclaimer:
While we do our best to keep our list of Illinois Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.
