Enlarge image | Use your mouse or Tab key to move through the fields. Use your mouse or space bar to enable check boxes. Illinois Department of Revenue Payment Coupon (IL-501) and Instructions 2022 This form is for limited use only Most withholding payments should be made electronically or with preprinted, personalized forms — not the form below. For your payment to be applied quickly and accurately to your account, either • electronically pay on our website at mytax.illinois.gov, or • order personalized, preprinted forms by calling us at the numbers listed below. Who should use this payment more information. Do not make a payment ACH debit telephone option — you coupon? or submit an IL-501 Payment Coupon if no instruct us to debit the payment from Illinois income tax was withheld. your account. Use this payment coupon to pay the Illinois Income Tax you withheld if When is income tax considered withheld? For more information regarding our In Illinois, income tax is considered withheld electronic options, visit our website at • you are a NEW business and have not tax.illinois.gov, call 217 782-6257, or email received your registration information from on the date you pay your employees or us at rev.taxpay@illinois.gov. us yet; or others. This is important to determine when • you are an existing business and your payment is due. Do not estimate your What penalties may be assessed? 1) cannot electronically pay (see “May withholding income tax. To avoid penalties, all tax withheld must be I pay electronically?”); or How much should I pay? paid by each payment due date. You must 2) do not use a tax professional or tax The amount you pay is dependent upon the provide payroll information on Form IL-941 to prep software; or amount you withhold from your payee (refer to verify your pay dates. 3) have ordered but not yet received IL-700-T) minus any credit amounts received You will owe a late-payment penalty if you personalized payment coupons from the Illinois Department of Commerce and are required to make monthly or semi-weekly from us. Economic Opportunity (DCEO) or the Illinois tax payments and do not pay the required When are my payments due? Department of Revenue (IDOR). amounts by the payment due dates. Important: If you have been notified that you May I pay electronically? A bad check penalty of $25 will be assessed are required to make semi-weekly payments, Yes. We encourage you to pay electronically. if you send a remittance that is not honored you must make your payments electronically. • MyTax Illinois on our website at by your financial institution. This penalty will be assessed in addition to any other penalty. Most taxpayers who use payment coupons mytax.illinois.gov offers an easy, are considered monthly payers. Monthly convenient, and fast way to submit For more information about penalties and payers must pay by the 15th day of each payments at any time. You can schedule interest, see Publication 103, Penalties and month for amounts withheld the preceding the dollar amount, debit date, and tax Interest for Illinois Taxes. month. You may pay more frequently using period. No software is required and it is What if I need additional assistance? one of our electronic methods or preprinted available 24 hours a day, 7 days a week. • Visit our website at tax.illinois.gov payment coupons. Do not use your return, • Federal State Employment Tax (FSET) • Write to us at Form IL-941, to pay more frequently. program allows you to directly debit your ILLINOIS DEPARTMENT OF REVENUE If you exceed $12,000 in withholding account. PO BOX 19044 during a quarter, you must begin using • Other electronic options (You must the semi-weekly payment schedule for the complete Form EFT-1, Authorization SPRINGFIELD IL 62794-9044 following quarter, the remainder of the year, Agreement for Certain Electronic • Call our Taxpayer Assistance Division at and the subsequent year. In addition, you Payments.): 1 800 732-8866 or 217 782-3336 (or our must make your payments electronically. ACH credit — you instruct your TDD (telecommunications device for the financial institution to transfer funds from deaf) at 1 800 544-5304) See Publication 131, Withholding Income Tax Payment and Filing Requirements, for your account to ours. • Visit an IDOR regional office. See website for locations and office hours. IL-501 Front (R-12/21) Printed by the authority of the state of Illinois - web only, 1 copy. Illinois Department of Revenue Check the box to tell us the quarter that includes the month when you withheld the withholding income tax you are paying. Check one box only. Make sure to report all Payment Coupon Form IL-501 payments on Form IL-941, Step 5, Line 4, for the corresponding quarter. IL-501 Complete the following information. 2022 1 2 3 4 Tax year Jan Apr Jul Oct Feb May Aug Nov ___ ___ - ___ ___ ___ ___ ___ ___ ___ ___0 ___0 ___0 Mar Jun Sep Dec Federal employer identification number Seq. number _______________________________________________ Business name Amount paid: $ ___________________.____ _______________________________________________ • Make check payable to “Illinois Department of Revenue” and write your Number and street address FEIN and “IL-501” on the check.- • Mail to: ILLINOIS DEPARTMENT OF REVENUE _______________________________________________ PO BOX 19447 City State ZIP SPRINGFIELD IL 62794-9447 NOTE: Do not mail Form IL-501 if you electronically pay or are reporting a zero amount. (_______)_______________________________________ Daytime phone) IL-501 (R-12/21) *71112221W* Reset Print |