Get Tax Withholding Form

Filling out the Tax Withholding Form online is an essential task for ensuring proper tax management for your business. This guide provides a clear, step-by-step approach to help you complete the form accurately and efficiently.

Follow the steps to fill out the Tax Withholding Form online.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Provide your information by entering your state EIN and federal employer identification number. Check the box if this is your first return or if your business name or address has changed. Fill in the business name and mailing address sections completely.
3. Specify the reporting period by checking the appropriate box for quarterly or annual filing. If you are a quarterly filer, ensure to check the specific quarter you are reporting for.
4. Indicate the total number of W-2 forms you were required to issue for the year. If your business has permanently stopped withholding, check the box and enter the date you stopped paying wages.
5. Enter the total compensation and gambling winnings subject to withholding for this period in the designated field.
6. Provide the amount of Illinois income tax actually withheld for this period.
7. List the total amount of withholding payments made during the period, including any IL-501 payments.
8. Record any credits carried forward from the previous Form IL-941 and the total amount of credits received through DCEO.
9. Calculate the total payments by adding the figures from the previous steps.
10. Determine any amount due or overpayment based on the comparison of tax withheld and total payments. Make necessary electronic payments or record the amount of overpayment for future claims.
11. Sign the form, stating that the information provided is true and correct. Include your daytime telephone number.
12. Mail the completed form to the Illinois Department of Revenue at the specified address.

Complete your Tax Withholding Form online to ensure accurate tax management for your business.