Form Il-941 - Information And Instructions

Form IL-941 Information and Instructions

Step 4: Tell us about the amount withheld

Line 2 — Enter the exact amount of Illinois income tax you withheld from your employees or others on the date you paid the

compensation. This step is separated by month and lists every day in each month. Enter the amount of Illinois income tax you

withheld from your employees or payees on the exact day you paid the amount from which you withheld tax.

1. Enter the amount of Illinois income tax you withheld from your employees’ or payees’ income on the exact day you withheld

it. Do not write this amount on the day you made your deposit — it must be the day you made your payroll or compensation

payments. For example, If your payroll is paid on January 15 and January 30 and you withheld a total of $300 each

payroll, you will enter $300 on the 15th and $300 on the 30th in the “First month of quarter” section.

$300.00

2. For each month add the daily amounts to determine the total tax withheld for the month and enter the total in the space

provided. Do not leave the total lines (Lines 2a, 2b, 2c, and 2d) for Line 2 blank- if you did not withhold during this

period, enter zero. For this example, you would enter $600 on Line 2a.

$600.00

3. For each quarter, add the amounts from Lines 2b, 2c, and 2d, and enter the total on the line provided and on Form IL-941,

Line 2. Do not leave Line 2 blank- if you did not withhold during this period, enter zero.

$1,800.00

IMPORTANT: Enter the total of all amounts of Illinois Income Tax actually withheld (either required or by voluntary agreement)

this reporting period, even if you are able to use a DCEO or other credit to pay your withholding liability. This includes employee

withholding and any withholding that was made on other Illinois income. Do not estimate this amount.

Step 5: Tell us about your payments and credits

Note: The Department applies credits and payments in a specific order. The DCEO credit (Line 3) is applied first,

next the payments (line 4), and the IDOR-approved credit (Line 5) is applied last.

DCEO Credit Worksheet

Line 3 — Enter only the amount of credit you are using through the

Illinois Department of Commerce and Economic Opportunity (DCEO)

A Total amount of DCEO credit

to satisfy your liability. This amount should not exceed your tax amount

available from certificate or

on Line 2. This credit is applied to your tax liability before your

left over from a previous return:

_________

payments and other credits. You can claim the Small Business Job

B Enter Step 4, Line 2 from this

Creation Tax Credit or the EDGE Credit only if you received a tax credit

IL-941.

_________

certificate or a certificate of verification from DCEO. Do not attach

C Subtract Line B from Line A.

the DCEO certificate. This credit can only be used to reduce your

If this is a negative number,

_________

enter zero. This is the amount of

withholding income tax liability. A DCEO credit cannot result in a refund.

DCEO credit you have remaining

However, if you have remaining credit, you can use it for future Illinois

to use on future Illinois withholding

withholding income tax liabilities. See the worksheet.

income tax liability. Keep this amount for

future returns.

Line 4 — Enter the total amount of withholding payments you have made during this period. This includes all IL-501 payments

(electronic and paper coupons). Do not leave blank.

Line 5 — Enter the amount of IDOR-approved credit you are using towards your tax liability. Make sure to use only up to the

amount of tax minus the sum of the DCEO credits used and payments made on the account. Do not include any amounts on

this line unless you have received written confirmation from IDOR that those credits have been approved. For more

information, see the section, “What is an IDOR-approved credit?”

Line 6 — Follow the instructions on the form. This is your total credits and payments.

IL-941 Instructions (R-12/16)

Page 7 of 9

Form Il-941 - Information And Instructions - 2016 Page 7

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