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Illinois Employer Withholding Tax Changes Increase Accuracy, Enhance Fraud Prevention Efforts

SPRINGFIELD –(ENEWSPF)--January 5, 2016.   In an effort to reduce taxpayer filing and payment errors, and increase the detection of false income reporting and insolvent employers, the Illinois Department of Revenue (“IDOR”) will begin requiring all withholding taxpayers to file quarterly withholding income tax returns and report detailed payroll data beginning in 2017.  The change impacts employers, payroll service providers, software developers and individuals that pay gambling and lottery winnings.  IDOR believes the detailed reporting of amounts and dates of any tax withheld under the new quarterly filing will make it easier and more . . .

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