Across
- 2. 2. : The specific IRS form a sole proprietor must attach to their personal 1040 tax return to report business profit or loss for the 2026 tax year.
- 4. proprietorship 2: The simplest business form where one person owns everything; in 2026, these owners must still register an "Assumed Name" with the Illinois County Clerk if not using their own name.
- 7. 4. : A business owned and operated for the benefit of those using its services; very common in the Illinois agriculture and energy sectors.
- 8. 6. : A side effect of business (like pollution from PFAS chemicals); under 2026 Illinois law, businesses must now disclose if products contain these "forever chemicals" to prevent lawsuits.
- 11. 5. : A "pass-through" entity that avoids double taxation; in 2026, the IRS requires these to file Form 1120-S by the specific deadline of March 16.
- 12. Large marsupial
- 13. Flying mammal
- 14. 4. The number of days an Illinois business has to provide documentation to the state if they are caught selling products containing harmful chemicals under the updated 2026 environmental safety rules.
Down
- 1. 1. : A business owned by two or more people; in 2026, Illinois allows these to elect a 4.95% Pass-Through Entity (PTE) tax to help partners maximize their federal tax credits.
- 3. 3. : A legal entity that is separate from its owners; in 2026, these face a combined Illinois tax rate of 9.5% (income tax plus personal property replacement tax).
- 5. Has a trunk
- 6. 7. : The tax "method" Illinois officially adopted in 2026 for large corporations, which calculates state tax by looking at the sales of the entire group of companies.
- 7. 3. : Under 2026 Illinois laws, using Artificial Intelligence (AI) for hiring that results in discrimination is considered a violation of these specific rights.
- 9. Likes to chase mice
- 10. Man's best friend