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 IL DoR IL-941

How to fill out IL DoR IL-941

1. Gather your financial records for the applicable quarter.
2. Obtain the IL DoR IL-941 form from the Illinois Department of Revenue website.
3. Fill out your business information at the top of the form including your name, address, and FEIN.
4. Report the total amount of wages paid during the quarter in the appropriate section.
5. Calculate the Illinois income tax withheld from those wages.
6. Include any other necessary information such as adjustments or credits.
7. Sign and date the form to verify its accuracy.
8. Submit the completed form by the due date, along with any payment due.

Who needs IL DoR IL-941?

1. Employers operating in Illinois who withhold state income tax from employee wages.
2. Businesses required to report quarterly withholding tax for their employees.
3. Entities that must file tax returns with the Illinois Department of Revenue.

• 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 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.

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What is IL DoR IL-941?

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

Who is required to file IL DoR IL-941?

Employers who have employees and are withholding Illinois income tax from their wages are required to file IL DoR IL-941.

How to fill out IL DoR IL-941?

To fill out IL DoR IL-941, employers must provide their business information, report total wages paid, total Illinois income tax withheld, and any other relevant details as instructed on the form.

What is the purpose of IL DoR IL-941?

The purpose of IL DoR IL-941 is to report and remit to the state of Illinois the income tax that has been withheld from employees’ wages.

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

IL DoR IL-941 requires employers to report total wages paid, total Illinois income tax withheld during the reporting period, and various identification details such as employer name and account number.