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This document provides important information and instructions regarding filing Form IL-941 for reporting Illinois withholding income tax for those who pay employees or other payees subject to Illinois

How to fill out il-941

How to fill out IL-941

1. Obtain Form IL-941 from the Illinois Department of Revenue website.
2. Fill in your business name, address, and identification number at the top of the form.
3. Enter the tax period for which you're reporting.
4. Calculate your total tax liability based on your payroll figures.
5. Include any payments made during the tax period.
6. Make sure to sign and date the form before submission.
7. Submit the completed form by the due date to avoid penalties.

Who needs IL-941?

1. Employers in Illinois who have employees and need to report payroll taxes.
2. Businesses that withhold income tax from employees' wages.
3. Corporations and partnerships that operate in Illinois and are subject to withholding tax requirements.

People Also Ask about

Do I need to attach federal return to state return in Illinois?

Attachments. Illinois requires a valid federal attachment in the electronic file. Therefore, if the federal return is not supported for electronic filing by the IRS, you can't e-file the state return.

What is the new payroll tax in Illinois?

Senate Bill 2413, filed by state Sen. Ram Villivalam, D-Chicago, would create a statewide payroll tax to be paid by both employees and businesses. The legislation would levy an additional 1.12% tax on eligible wages on top of the 4.95% state income tax already paid by Illinoisans. It would take effect Jan.

How to pay payroll taxes in Illinois?

Log in to MyTax Illinois to electronically pay the Illinois Income Tax you withheld or the Unemployment Insurance Tax due. You also may use MyTax Illinois to electronically file your tax returns or unemployment insurance reports, and manage your tax accounts.

What is an IL-941 payment?

You must file Form IL-941, Illinois Withholding Income Tax Return, if you paid amounts subject to Illinois withholding income tax (either required or by voluntary agreement), such as: • Wages and other employee compensation including bonus, overtime, and commission pay, usually reported to the recipient on a Form W-2.

What is your IL withholding meaning?

An Illinois withholding exemption is the portion of your payments on which you do not withhold Illinois Income Tax. This amount is calculated based on the number of allowances claimed on Form IL-W-4, Employee's and other Payee's Illinois Withholding Allowance Certificate and Instructions.

What is Illinois 941?

Illinois Form IL-941: Employer's Quarterly Illinois Withholding Tax Return. Employers must file Form IL-941 to report Illinois income tax withheld each calendar quarter. This form applies only to Illinois income tax withholding and is due by the last day of the month following the calendar quarter.

For pdfFiller’s FAQs

What is IL-941?

IL-941 is an Illinois Employer’s Quarterly Withholding Income Tax Return form used to report and remit withholding taxes collected from employees.

Who is required to file IL-941?

All employers in Illinois who withhold state income tax from employee wages are required to file IL-941 on a quarterly basis.

How to fill out IL-941?

To fill out IL-941, complete the required fields such as your business's identification information, the tax withheld amounts for each month in the quarter, and calculate the total amount due. Be sure to sign and date the form before submission.

What is the purpose of IL-941?

The purpose of IL-941 is to allow employers to report and remit the state income taxes that have been withheld from their employees' wages during the quarter.

What information must be reported on IL-941?

IL-941 requires information such as the employer's name and address, the employee's withholding amounts for each month, total tax due, and any adjustments or credits related to previous quarters.