The State of Illinois made changes to withholding income tax for employers effective January 1, 2017.
All withholding taxpayers are required to file quarterly tax returns. There is no option for filing annually any longer.
Taxpayers will be assigned to pay the Illinois withholding on a monthly or semi-weekly schedule. Those that withhold $12,000 or more are required to submit payments on a semi-weekly basis as well as make the tax payments electronically.
The new Form IL-941 will include a section to report the withholding information by day for each month of the quarter. We will automatically implement the reporting changes for our clients. Please contact us at firstname.lastname@example.org if you are interested in becoming a client.
Here is a link to the Illinois Department of Revenue’s Informational Bulletin: