Illinois updates information on withholding payment

The Illinois Department of Revenue has updated its informational publication that provides guidance on personal income withholding tax payment. Technical changes have been made to the publication to clarify the withholding requirements for a seasonal employer and to provide instructions on how to complete Forms W-2 and 1099. The publication covers:

  • Who is an employer;
  • Employer registration requirements;
  • Who is an employee;
  • When withholding must occur;
  • Withholding thresholds and requirements for payments of lottery or gambling winnings;
  • Withholding forms; and
  • The effect of a change to the business name or address, the sale or transfer of a business, or cessation of business operations. (Illinois Department of Revenue, Publication-130, Who is Required to Withhold Illinois Income Tax, January 2018.)

Visit our News Library to read more news stories.