Form Il-501 - Payment Coupon (Il-501) And Instructions - Springfield - Illinois (2009)


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Illinois Department of Revenue
You may pay electronically no
matter how you file Form IL-941
Payment Coupon
and Instructions
or IL-941-A!
General Information
What if I am assigned to the
Can a household employer
monthly payment schedule and
choose the household method?
Form IL-501, Payment Coupon must be com-
pleted and sent with your Illinois Withholding
withhold over $12,000?
Yes. See Publication 121, Illinois Income Tax
Income Tax payment unless you pay electroni-
Withholding for Household Employees, for
If you exceed $12,000 in withholding during
cally or are reporting a zero amount.
filing requirements.
a quarter, you must begin using the semi-
We assign you to a payment and return
weekly payment schedule for the following
schedule determined by the amount of tax
What is the semi-weekly pay-
quarter, the remainder of the year, and the
withheld during the “look-back” period, which
subsequent year.
ment schedule?
is the one-year period ending on June 30 of
What is the annual payment
Taxpayers who withhold more than $12,000
the immediately preceding calendar year. For
must file Form IL-941 for the preceeding quarter
the 2010 tax year, the look-back period is
by the last day of April, July, October, and Janu-
July 1, 2008 through June 30, 2009.
Taxpayers who withhold $1,000 or less and are
ary of the following year and make payments as
in good standing with the department must file
More than $12,000
Form IL-941-A by January 31 of the following
More than $1,000 but
year and make a payment as follows:
Semi-weekly Payment Schedule
no more than $12,000 =
Annual Payment Schedule
$1,000 and less
Pay electronically or use Form IL-501 by
Wednesday — amounts withheld from the
Pay electronically or use Form IL-941-A by
Taxpayers assigned to the semi-weekly or
preceding Wednesday, Thursday, and Friday.
monthly payment schedule must file Form
January 31 of the following year for amounts
IL-941, Illinois Quarterly Withholding Income
Friday — amounts withheld from the preceding
withheld the entire preceding year.
Tax Return, quarterly for the preceding quar-
Saturday, Sunday, Monday, or Tuesday
ter by the last day of April, July, October, and
May I elect to pay more often?
January of the following year.
What is the monthly payment
If you are assigned to the annual payment
Taxpayers assigned to the annual payment
schedule, you may pay as often as you like
and return schedule must file Form IL-941-A,
throughout the year and file a single Form
Illinois Yearly Withholding Income Tax Return,
Taxpayers who withhold more than $1,000, but
IL-941-A by January 31 of the following year.
no more than $12,000, must file Form IL-941 for
to report and pay their withholding tax for the
You may also elect to file quarterly returns
the preceeding quarter on the last day of April,
entire year.
and make monthly payments according to
July, October, and January of the following year
the monthly payment and quarterly return
New taxpayers are assigned to the monthly
and make payments as follows:
schedule. You must continue with the sched-
payment and quarterly return schedule.
ule you selected through the remainder of the
Monthly Payment Schedule
year or you may be subject to penalties. It is
When is withholding income tax
your responsibility to use our WebFile and
Pay electronically or use Form IL-501 by
considered withheld?
Pay, TaxNet, FSET, EFT or call us so we can
15th day of each month — amounts withheld for
send you a withholding coupon booklet. See
In Illinois, withholding income tax is considered
the preceeding month.
Publication 131, Withholding Income Tax Pay-
withheld on the date you pay your employees.
ment and Filing Requirements.
IL-501 Front (R-12/09)
Illinois Department of Revenue
We encourage you to pay electronically. Visit
Payment Coupon
Check the appropriate box to tell us when you withheld the withholding income
tax you are paying. Check
box only.
Complete the following information.
___ ___ ___ ___
Tax year
___ ___ - ___ ___ ___ ___ ___ ___ ___ ___ ___ ___
Federal employer identification number
Seq. number
Business name
Amount paid:
If mailing your payment and this Form IL-501:
Number and street address
• make remittance payable to “Illinois Department of Revenue” and
• mail to:
PO BOX 19447
Daytime phone
• Do not mail Form IL-501 if you electronically pay or are reporting a zero amount.
IL-501 (R-12/09) IL-492-0053


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