Form Il-501 - Payment Coupon (Il-501) And Instructions - 2011
ADVERTISEMENT
1Use your mouse or Tab key to move through the fields. Use your mouse or space bar to enable check boxes.
Illinois Department of Revenue
You may pay electronically no
matter how you fi le Form IL-941!
Payment Coupon
and Instructions
(IL-501)
may pay more frequently using one of our
• TaxNet or Federal State Employment
electronic methods or a Payment Coupon
Tax (FSET) programs allow you to directly
If you are assigned to
(IL-501). Do not use your return, Form IL-941,
debit your bank account.
the semi-weekly schedule, you must
to pay more frequently.
pay electronically. Do not use this
• Other electronic options:
form.
ACH credit — instructs your fi nancial
If you exceed $12,000 in withholding during
institution to transfer funds from your
a quarter, you must begin using the semi-
account to ours.
weekly payment schedule for the following
What is new?
quarter, the remainder of the year, and the
ACH debit telephone option — is your
subsequent year. In addition, you must make
Beginning January 1, 2011, employers who
instruction to us to take the payment
your payments electronically.
are required to make semi-weekly payments
from your account.
must make all payments electronically.
See Publication 131, Withholding Income Tax
Visit our web site at tax.illinois.gov for
For more information, go to our web site at
Payment and Filing Requirements for more
more information regarding our electronic
tax.illinois.gov.
information.
options or call 217 782-6257 or email to
rev.taxpay@illinois.gov.
General Information
What if I am an annual fi ler?
What penalties may be
Form IL-501, Payment Coupon, must be com-
If you have been notifi ed by us that you are
pleted and sent with your payment unless you
an annual fi ler, you may pay
assessed?
are paying electronically or did not withhold
• the full amount withheld for the entire year
To avoid penalties, all tax withheld must be
Illinois Income Tax during the period. Make
by January 31, 2012, when you fi le
paid by each payment due date. We may ask
sure that you include all payments made dur-
your annual return, or
you to provide payroll information.
ing the period on Line 3 of your Form IL-941.
• by making Form IL-501 payments
You will owe a late-fi ling penalty if you
throughout 2011 electronically or with this
do not fi le a processable return by the due
When is withholding income tax
payment coupon and fi le one return by
date, and a late-payment penalty if you are
January 31, 2012.
considered withheld?
required to make annual, monthly, or semi-
weekly tax payments and do not pay the
In Illinois, withholding income tax is con-
required amounts by the payment due dates.
May I pay electronically?
sidered withheld on the date you pay your
A bad check penalty of $25 will be assessed
employees.
Yes. We encourage you to pay electronically.
if you send a remittance that is not honored
• WebPay is an easy, convenient, and fast
by your fi nancial institution. This penalty will
When are my payments due?
way to submit payments at any time. You
be assessed in addition to any other penalty.
can schedule the dollar amount, debit
Most taxpayers who use this form are
For more information about penalties and
date, and tax period. No software is
considered monthly payers. Monthly payers
interest, see Publication 103, Penalties and
required and it is available 24 hours a day,
must pay by the 15th day of each month for
Interest for Illinois Taxes.
7 days a week.
amounts withheld the preceding month. You
Electronically pay and throw this away!
IL-501 Front (R-12/10)
Illinois Department of Revenue
Pay electronically using WebPay at tax.illinois.gov
Payment Coupon
Check the appropriate box to tell us when you withheld the withholding income
IL-501
tax you are paying. Check one box only.
2011
Complete the following information.
Tax year
1
2
3
4
___ ___ - ___ ___ ___ ___ ___ ___ ___ ___ ___ ___
Jan
Apr
Jul
Oct
Federal employer identifi cation number
Seq. number
Feb
May
Aug
Nov
_______________________________________________
Mar
Jun
Sep
Dec
Business name
$
Amount paid:
___________________.____
_______________________________________________
Number and street address
If mailing your payment and this Form IL-501:
_______________________________________________
• Make remittance payable to “Illinois Department of Revenue”
City
State
ZIP
• Mail to:
ILLINOIS DEPARTMENT OF REVENUE
(_______)_______________________________________
PO BOX 19447
Daytime phone
SPRINGFIELD IL 62794-9447
•
Do not mail Form IL-501 if you electronically pay or are reporting a zero amount.
IL-501 (R-12/10) IL-492-0053
Reset
Print
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial