Form Il-941-A - Illinois Yearly Withholding Income Tax Return - 2007

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Illinois Department of Revenue
Form IL-941-A
Illinois Yearly Withholding Income Tax Return and Instructions
General Information
May I file my return
The size of the coupon has changed. If you
use a software package, check to make sure
electronically?
Form IL-941-A, Illinois Yearly Withholding
updates have been made.
Income Tax Return. is a new form created
Yes, you may file your return electronically
as a result of recent legislation. Public Act
using Direct Debit, which is a payment option
95-8 made significant changes to the Illinois
Due Date Schedule
available when you file electronically using
Income Tax withholding law, which become
TaxNet or Federal State Employment Tax
effective January 1, 2008.
Annual
(FSET).
Under the new law, all taxpayers will be as-
For additional electronic payment information,
You must
By
signed to one of three due date schedules:
visit our web site at tax.illinois.gov; call our
semi-weekly, monthly, or annual. Return due
File and pay
January 31
using
of the
EFT staff at 217 782-6257; send a fax to
dates remain quarterly and annually. Each
EFTPS, TaxNet, FSET,
following year for
them at 217 524-8282; or write to Electronic
year, we will tell you when your Payment
EFT, or Form IL-941-A
amounts withheld the
Funds Transfer Division, Illinois Department
Coupons (Form IL-501) are due and when to
entire preceding year
of Revenue, PO Box 19015, Springfield, IL
file your returns (Form IL-941 or IL-941-A) for
62794-9015.
the new tax year. You must use the due date
Who must file Form IL-941-A?
schedule we assign to you.
What if I do not file my return
You must file Form IL-941-A if you paid
Taxpayers who are assigned to the annual
or pay the tax I owe by the due
wages, salaries, and gambling winnings that
due date schedule should use this Form
are subject to withholding and we assigned
date?
IL-941-A, Illinois Yearly Withholding Income
you to the annual due date schedule. If you
Tax Return, to file and pay their withholding
You will owe a late-filing penalty if you do
have chosen the household employer’s
tax.
not file a processable return by the due date,
method, see Publication 121, Illinois Income
and a late-payment penalty if you do not
The payment and return due dates are
Tax Withholding for Household Employees,
pay the tax you owe by the date the tax is
determined by the total tax withheld during
for filing requirements.
due. Also, you will not be allowed to use the
the “look-back” period, which is the one-year
When must I file and pay?
annual due date schedule in the following
period ending on June 30 of the immediately
year. In addition, a bad check penalty of $25
preceding calendar year. For this first year,
If we assigned you to the annual due date
will be assessed if you send a remittance
the look-back period is July 1, 2006, through
schedule, do not file Form IL-941. You must
to the department that is not honored by
June 30, 2007.
use Form IL-941-A to file and pay annually.
your financial institution. This penalty will be
Taxpayers who, during the look-back period,
Tax is considered to be withheld on the
assessed in addition to any other penalty.
reported
day you pay the wages from which the
Interest is calculated on tax from the day after
• more than $12,000, are assigned to the
tax is withheld.
the original due date of your return through
semi-weekly due date schedule.
the date you pay the tax. We will bill you for
How do I pay my withholding
• more than $1,000, but no more than
penalties and interest.
$12,000, are assigned to the monthly due
tax?
For more information about penalties and in-
date schedule.
If we assign you to the annual due date
terest, see Publication 103, Uniform Penalties
• $1,000 or less, are assigned to the annual
schedule, you must make your payment with
and Interest.
due date schedule.
Form IL-941-A, by January 31 of the following
There are exceptions. New taxpayers are
year.
automatically assigned to the monthly
If your annual tax liability meets or
due date schedule, as are those who
exceeds $200,000, you must use an
would qualify for the annual due date
electronic payment method.
schedule, but are not in good standing
with the department.
Illinois Department of Revenue
We encourage you to use TaxNet or FSET. Visit tax.illinois.gov
IL-941-A
Illinois Yearly Withholding
Income Tax Return
Complete Lines 1 through 5, reporting the totals for the quarter.
Complete all lines.
___ ___ ___ ___
Tax
year
1
Total compensation and gambling winnings
1
subject to withholding.
___________________
___ ___ - ___ ___ ___ ___ ___ ___ ___
___ ___ ___
2
2
Illinois Income Tax required to be withheld.
___________________
Federal employer identification number
Seq. number
3
Withholding payments (electronic and IL-501 payment
_______________________________________________
3
coupons) plus any overpayment from the previous Form IL-941.
___________________
Business name
4
If Line 2 is greater than Line 3, subtract Line 3
_______________________________________________
from Line 2. This is your balance due. Make your remittance
Number and street address
4
payable to “Illinois Department of Revenue.”
___________________
_______________________________________________
5
If Line 2 is less than Line 3, subtract Line 2 from Line 3.
City
State
ZIP
5
This is your overpayment. Claim it on your next Form IL-941-A.
___________________
Check this box if you have permanently stopped withholding.
(_______)_______________________________________
Daytime phone
Under penalties of perjury, I state that, to the best of my knowledge, this return is true, correct, and complete.
____________________________________ __________________________ ________________
IL-941-A (N-12/07) IL-492-4538
Signature
Daytime telephone number
Date
Mail to ILLINOIS DEPARTMENT OF REVENUE, PO BOX 19447, SPRINGFIELD IL 62794-9447
Reset
Print

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