Illinois taxpayers required to file quarterly returns in 2017

The Illinois Department of Revenue (IDOR) announced in a press release that all taxpayers are required to file quarterly personal income withholding tax returns and report detailed payroll data beginning in 2017. The annual filing and payment frequency has been eliminated. The new quarterly reporting requirement has been introduced to reduce taxpayer filing and payment errors, and increase the detection of false income reporting and insolvent employers. The change will impact employers, payroll service providers, software developers and individuals that pay gambling and lottery winnings. (Press Release, Illinois Department of Taxes, January 5, 2017.)

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