IL DoR IL-941 2013 free printable template

8 If Line 2 is less than Line 6 subtract Line 2 from Line 6. Claim this amount on your next Form IL-941. Illinois Department of Revenue Form IL-941 2014 Illinois Withholding Income Tax Return Step 1 Provide your information Reporting Period Check this If you are a quarterly filer box f this i Check the quarter you are reporting. Use your mouse or Tab key to move through the fields. Use your mouse or space bar to enable check boxes. your first Federal employer identification number FEIN Seq....

How to fill out form il 941 2013

How to fill out form IL 941 2013:

1. First, gather all the necessary information and documents needed to complete the form, such as your employer identification number (EIN), total wages paid, total Illinois income tax withheld, and the number of employees.
2. Next, provide your contact information in the designated section of the form, including your business name, address, and contact information.
3. Proceed to fill out Part 1 of the form, which requires you to enter your total Illinois wages paid and total Illinois income tax withheld for the period indicated on the form.
4. In Part 2, you will need to enter the number of employees you had during that particular period and provide their individual information, including their names, social security numbers, and the wages paid to each employee.
5. Moving on to Part 3, indicate any additional Illinois taxes or fees that may be owed, such as the Quality Jobs Program Surcharge or the Metropolitan Pier and Exposition Authority Employer Expense Tax.
6. Review the completed form to ensure accuracy and make any necessary corrections.
7. Sign and date the form before submitting it to the appropriate authority, whether it be filing electronically or mailing it to the designated address. Remember to keep a copy of the form for your records.

Who needs form IL 941 2013?

1. Employers in the state of Illinois who have employees and are required to withhold and report income taxes are typically required to file Form IL 941.
2. This form is specifically for reporting Illinois withholding taxes, and employers must file it on a quarterly basis.
3. Even if an employer does not have any taxes to report for a particular quarter, they may still be required to file a zero report to fulfill their legal obligations.
4. Employers who do not have employees or do not withhold income taxes are not required to file Form IL 941.

• 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 form il 941 2013

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 is the state withholding for Illinois?

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 a form 941 used for?

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

How do I amend my IL-941?

How do I file an amended 941? Form 941-X Go to Employees, select Payroll Tax Forms W-2s. Select Process Payroll Forms. In the File Forms section, select Quarterly Form 941-X - Adjusted Employers Quarterly Federal Tax Return or Claim for Refund.

What is the 941 form for Illinois?

Form IL-941 must be filed if you have paid amounts to the state of Illinois subject to having income tax withheld. Examples include: Any wages or form of employee compensation, including overtime, bonuses, and commission. Anything that is usually reported on Form W-2 to the recipient.

What is the employer tax withholding in Illinois?

State Withholding Typically, Illinois employers must withhold 4.95% of taxable wages from employee pay, which will be remitted to the state. To correctly calculate the amount of state income tax withheld, employers must have Form IL-W-4 for each employee.

For pdfFiller’s FAQs

What is form il 941?

Form IL-941 is the Illinois Withholding Income Tax Return. It is used by employers in Illinois to report and pay withholding taxes on behalf of their employees.

Who is required to file form il 941?

Employers in Illinois who have employees subject to Illinois withholding taxes are required to file Form IL-941.

How to fill out form il 941?

To fill out Form IL-941, you need to provide information about your business, including employer identification number (EIN), total wages paid, total Illinois withholding, and other relevant details. The form can be filled out electronically or manually.

What is the purpose of form il 941?

The purpose of Form IL-941 is to report and remit withholding taxes on behalf of employees to the state of Illinois. It ensures the proper collection and allocation of state income taxes.

What information must be reported on form il 941?

Form IL-941 requires reporting of information such as employer identification number (EIN), total wages paid, total Illinois withholding, number of employees, and other relevant details to accurately calculate and remit withholding taxes.

When is the deadline to file form il 941 in 2023?

The deadline to file Form IL-941 in 2023 is typically the last day of the month following the end of the quarter. However, it is important to check the specific deadline with the Illinois Department of Revenue for any possible changes or extensions.

What is the penalty for the late filing of form il 941?

The penalty for the late filing of Form IL-941 in Illinois varies depending on the amount of tax owed and the duration of the delay. It is important to check the Illinois Department of Revenue guidelines for specific penalty details.

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