Because state taxes are becoming a big issue and will be an even bigger issue in the future; Tax Return Assignment II is as follows: Use the information for Lector Corporation that you used in Tax Return Assignment I and assume that instead of Nebraska, that Lector Corporation is based in Illinois and all of its assets are in Illinois and that 50% of its sales for the year are from customers in Illinois. Because Lector is an Internet based operation, 100% of its payroll is paid in Illinois. You may assume that depreciation methods for tax are the same for the federal return and the Illinois return. It will be up to you to gather the necessary information to complete the Illinois return. If you do not have sufficient information to answer anyone piece of the return check with me; otherwise assume it did not happen during the tax year.
I have provided you an Illinois tax return that is in a fill-in format much like those for the federal return. I do not have a spreadsheet available as yet. Unless you have the correct software this can only be filled in and printed (see below).
The rule is still true that you must turn in this return electronically. Therefore I expect you to use some ingenuity to figure out how that might be accomplished. Let's just say its the technology part of this return.