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Chicago Illinois Form 8965: What You Should Know

If you choose to file a Form 8965, the IRS will provide you with a tax payment receipt. If you are unable to file a Form 8965, the IRS will help you with options for claiming a coverage exemption on your return. You may use the forms below. Forms 8965-2:  (Form 8965 for Individuals) (Form 8965 for Businesses) The forms are available at the IRS website. Forms 8965-3A,3B, 4&5: (Form 8965 for Individuals and Businesses) (Form 8965 for Businesses) Note! Do not claim an exemption on your Chicago Illinois Forms 8965. This is a separate form. The tax payment will not be credited when your return is assessed and collected. If the refund does not reflect the value of the exemption claimed, the excess amount of tax is subject to the tax imposed on the refund. For details, see Taxation of your Tax Exempt Status. Form 8965-Exemptions:  All income earned by individuals or businesses is exempt from Illinois income tax. However, if you are not claiming an exemption, you are required to file a tax return to determine your Illinois tax due.

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