Form Il-501 - Illinois Withholding Income Tax Payment - Illinois Department Of Revenue
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1Illinois Department of Revenue
IL-501 Instructions
General Information
Step-by-step Instructions
weekend or a holiday, your payment is due
the next business day following the weekend
Who must use Form IL-501?
Step 1: Write the tax year in the space
or holiday.
provided and write an “X” in the appropriate
You must use Form IL-501 and send a
Monthly payments
box to indicate which quarter you are paying.
payment if you accumulate more than $500
If your accumulated unpaid tax is more than
Write your federal employer identification
in unpaid tax withheld each month. Unpaid
$500 each month (but less than $1,000), you
number (FEIN), business name, and com-
tax withheld is considered to be accumu-
are required to make monthly payments.
plete address.
lated at the end of your payroll period. If
you have chosen the household employer’s
• You must send Form IL-501 and your
Step 2: Write the amount you are paying.
method, see Booklet IL-700-H for filing
payment when your accumulated unpaid
Step 3: Make your remittance payable to
requirements.
tax withheld on the last day of the month
“Illinois Department of Revenue.” Write
is more than $500 (but not over $1,000).
Note: This form may also be used to make a
your FEIN, the quarter to which the payment
• Form IL-501 and your payment are due
withholding payment required by the Illinois
applies, and the form number “IL-501” on
on or before the 15th day of the second
Income Tax Act, Section 710 (Illinois lottery
your check or money order.
and third months of each calendar
winnings). For detailed information, see
Mail your Form IL-501 and payment to:
quarter.
Booklet IL-700, Illinois Withholding Tax
Guide.
ILLINOIS DEPARTMENT OF REVENUE
Note: Payments are not required unless
PO BOX 19447
your total accumulated unpaid tax withheld
When is my payment due?
SPRINGFIELD IL 62794-9447
meets or exceeds the amounts defined
The due date of your payment depends on
above. For more information see Booklet
Do not file a Form IL-501 with a blank or
the amount of accumulated unpaid tax
IL-700, Illinois Withholding Tax Guide.
zero amount.
withheld you have each month.
What if I do not pay the tax
Quarter-monthly or semi-monthly
owed by the due date?
payments
You owe a late-payment penalty if you do
If your accumulated unpaid tax is more than
Payment stub
not pay your required monthly, semi-monthly,
$1,000 each month, you are required to
for Form IL-501
or quarter-monthly payments on time. Each
make quarter-monthly or semi-monthly
payment will be applied to the earliest unpaid
Complete this stub
payments (if your payroll is semi-monthly).
period unless you provide specific instruction
and keep it for
• You must send Form IL-501 and your
to apply it to another period. In addition, a
future reference.
payment when your accumulated unpaid
bad check penalty will be assessed if your
tax is more than $1,000 at the end of a
__ __/__ __/__ __
remittance is not honored by your financial
quarter-monthly period ( i.e., 7th, 15th,
Quarter ended
institution. For more information about
22nd, and last day of the month) or semi-
penalties and interest, see Publication 103,
monthly period ( i.e., 15th and last day of
Uniform Penalties and Interest.
Tax withheld
the month — semi-monthly payroll only).
Where do I get help?
Form IL-501 and your payment are due
Amount of payment
on or before the third banking day
• Visit our Web site at
following the close of the quarter-monthly
period or semi-monthly period.
• Call our Taxpayer Assistance Division at
Check number
• Also, if your accumulated unpaid tax is
1 800 732-8866 or 217 782-3336
__ __/__ __/__ __
more than $500 on the last day of the
• Call our TDD (telecommunications device
Date filed
month (but less than $1,000), and you do
for the deaf) at 1 800 544-5304
not accumulate $1,000 in unpaid tax by
• Write to
the end of the first quarter-monthly period
ILLINOIS DEPARTMENT OF REVENUE
the next month, Form IL-501 and your
PO BOX 19015
payment are due on or before the 15th
SPRINGFIELD IL 62794-9015
day of the next month.
Note: Banking days do not include Satur-
days, Sundays, legal holidays, or local bank
holidays. Therefore, if the due date falls on a
Cut on broken lines.
IL-501
Illinois Withholding Income Tax Payment
Write an “X” in the box to indicate which quarter you are paying.
1
2
3
4
Complete the information requested.
___ ___ ___ ___
Tax year
Jan
Apr
July
Oct
Feb
May
Aug
Nov
___ ___ - ___ ___ ___ ___ ___ ___ ___
___ ___ ___
Mar
June
Sept
Dec
Federal employer identification number
Seq. number
Business name
Write the amount of
$___________.___
your payment here.
Number and street address
Make remittance payable to “Illinois Department of Revenue.”
(
)
-
Mail to: ILLINOIS DEPARTMENT OF REVENUE
PO BOX 19447
City
State
ZIP
Daytime phone
SPRINGFIELD IL 62794-9447
(R-12/00) IL-492-0053
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