IL DoR IL-941 2016 free printable template

Illinois. gov. Do not mail this form if you file electronically. Quarterly filers File only one IL-941 return per quarter. Illinois Department of Revenue Form IL-941 Step 1 Provide your information 2016 Illinois Withholding Income Tax Return File electronically using MyTax Illinois at tax. Check this box if we may discuss this return with the preparer shown in this step. Signature Daytime telephone number Year Paid Preparer please print NS PTIN Mail to ILLINOIS DEPARTMENT OF REVENUE PO BOX...

How to fill out IL DoR IL-941

How to fill out IL DoR IL-941

1. Gather all necessary payroll information for the quarter.
2. Access the IL DoR IL-941 form from the Illinois Department of Revenue website.
3. Fill out your business information, including name, address, and account number.
4. Report total wages paid during the quarter in the specified section.
5. Calculate the amount of tax due based on the payroll figures provided.
6. Complete any additional fields such as exemptions or deductions applicable to your business.
7. Review the completed form for accuracy and make any necessary corrections.
8. Sign and date the form to certify the information provided.
9. Submit the form to the Illinois Department of Revenue by the specified deadline.

Who needs IL DoR IL-941?

1. Employers in Illinois who are required to report and pay withholding taxes on employee wages.
2. Businesses that have employees and need to report income tax withholdings quarterly.

• Who needs a form IL-941?
• What is form IL-941 for?
• Is it accompanied by other forms?
• • When is form IL-941 due?
  • How do I fill out form IL-941?
  • Where do I send form IL-941?

Who needs a form IL-941?

Employers in the State of Illinois have to file this form quarterly to report their federal income taxes to Internal Revenue Service.

What is form IL-941 for?

This federal tax return is used to report payments for medicare, social security and income taxes if an employer deducts them from employee’s salaries. Employer may use the payment voucher on page 3 and pay the taxes with this return but only in those situations described in the instructions above the voucher. Otherwise, the employer should use electronic funds in order to make the payment.

Is it accompanied by other forms?

Other than the payment voucher, which is necessary only in specific cases, this federal tax income return for employers does not require any addenda.

When is form IL-941 due?

The due date depends on the quarter during which the form is submitted. The due date for the first quarter is March, 12th; for the second quarter, June, 12th; for the third quarter, September, 12th; and for the fourth quarter, December, 12th.

How do I fill out form IL-941?

The top box is for the information about your company. Include the employer’s identification number, company name and trade name (if any) and address. Check in the adjacent box the quarter you for which you are filing. Part 1 contains questions about the number of employees who received wages, tips or other types of compensations. You have to put the exact amount for these payments. Add a table of taxable social security wages and tips and Medicare wages and tips. Calculate total taxes before adjustments, fill in the current quarter adjustment and total taxes after adjustments. Give the amount of the deposit for this quarter and balance due, and if necessary, specify the overpayment. Part 2 of the form is dedicated to changes in the deposit schedule and tax liability. Give contacts of your designee if it’s possible.

Where do I send form IL-941?

Complete the Illinois income tax return form 2014 and file it electronically or send it to IRS office by mail.

People Also Ask about

What is the difference between IL 501 and IL-941?

Illinois withholding income tax payments are made on Form IL-501, Withholding Payment Coupon, and Illinois withholding is reported on Form IL-941, Illinois Withholding Income Tax Return.

What form do I need to change my tax withholding?

More In Forms and Instructions Complete Form W-4 so that your employer can withhold the correct federal income tax from your pay. Consider completing a new Form W-4 each year and when your personal or financial situation changes.

What form is the Illinois income tax withholding?

You must submit Form IL-W-4 when Illinois Income Tax is required to be withheld from compensation that you receive as an employee. You may file a new Form IL-W-4 any time your withholding allowances increase. If the number of your claimed allowances decreases, you must file a new Form IL-W-4 within 10 days.

Does Illinois have state income tax withholding?

Generally, the rate for withholding Illinois Income Tax is 4.95 percent. For wages and other compensation, subtract any exemptions from the wages paid and multiply the result by 4.95 percent.

What is the Illinois form 941?

Note: Form IL-941 is the only form used to report Illinois income tax withholding with the exception of household employee withholding, which can be reported on Form IL-1040, Individual Income Tax return. If you have household employees, see Publication 121, Illinois Income Tax Withholding for Household Employees.

What is a form 941 used for?

Employers use Form 941 to: Report income taxes, Social Security tax, or Medicare tax withheld from employee's paychecks.

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What is IL DoR IL-941?

IL DoR IL-941 is a form used by employers in Illinois to report and pay state income tax withheld from employee wages.

Who is required to file IL DoR IL-941?

Employers who withhold Illinois income tax from employee wages must file IL DoR IL-941.

How to fill out IL DoR IL-941?

To fill out IL DoR IL-941, provide details such as the employer's name and address, total payments made during the quarter, and the total state income tax withheld.

What is the purpose of IL DoR IL-941?

The purpose of IL DoR IL-941 is to ensure that employers properly report and remit the state income tax they have withheld from their employees' wages.

What information must be reported on IL DoR IL-941?

IL DoR IL-941 must report the employer's identification details, total wages paid, total Illinois income tax withheld, and any adjustments or payments made.