IDES - Unemployment_Taxes_and_Reporting

You Can Now Report and Pay Unemployment Insurance Taxes through MyTax Illinois!

Important Message from Jeff Mays, IDES Director�

What have we changed?

Illinois employers can now use MyTax Illinois to complete...

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Website: http://www.ides.illinois.gov

Related topics : pay illinois quarterly taxes online / tax return electronic filing / employer tax returns online / tax return online filing / pay quarterly taxes online

Understanding Payroll Tax Payment and Filing Requirements

Employers are required to make federal payroll tax payments to the government, as well as filing the proper reporting and informational returns. Employers must also provide employees and contractors with W-2 and 1099 reports explaining the compensation paid and withholding amounts. There may be state requirements as well. The rules can be complex and penalties for noncompliance severe, which is...

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Website: https://www.bizfilings.com

IDES - Unemployment Taxes and Reporting - Illinois

With MyTax Illinois you can file your monthly or quarterly wage report�using this secure online application.

��Personal Liability of Responsible Parties

The Unemployment Insurance Act was recently amended to provide for the personal liability of any officer or employee of an employer who has control, supervision or responsibility for the filing of reports or the payment of...

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Website: http://www.ides.illinois.gov

Related topics : calculator tax rate / pay illinois quarterly taxes online / employment tax calculator / penalty for not making quarterly tax payments / new tax credits

S Corp - Forming an S Corporation | BizFilings

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Why choose an S corporation?

S corps are corporations that have elected a special tax status with the IRS. S corporations provide the same limited liability to owners (called shareholders) as C corporations , meaning that owners typically are not personally responsible for business debt and liabilities; however, S corporations have pass-through taxation. S corps do not pay tax at the...

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Website: https://www.bizfilings.com