A resident state tax credit is granted to taxpayers for pass-through entity taxes paid to other states that are deemed substantial (e.g., NYS, CA, NJ). Guaranteed payments are included in the PTET taxable income. The Illinois replacement tax, an entity level tax of 1.5% imposed on certain...
I am in the process of doing my tax return but I have not received my 1099 misc yet. The company I did business with is now out of business. If I estimate the amount I received from them last year, what other forms do I need to send to the IRS when I file my return?