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Illinois employers can file federal and state
payroll taxes online
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The one-click triple advantage
[AUG.
14, 2004]
CHICAGO -- Illinois
businesses, until now, had no options for joint payroll tax filings
at the federal and state level. They now have the
opportunity to complete payments to the Internal Revenue Service,
Illinois Department of Revenue and Department of Employment Security
in a single submission through the Federal State Employment Tax
program, FSET, available only here and in Connecticut thus far.
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"Filling paper returns to three
agencies is a burdensome process for employers, and the FSET program
offers a simple solution," says Brian Hamer, director of the
Illinois Department of Revenue. "Electronic filing eliminates the
need to enter duplicative information. It's fast, secure and
provides instant confirmation of filing."
Participating companies and payroll
service providers are allowed to select future debit dates from
their bank accounts through this electronic payment system. If there
are any discrepancies, the employers receive immediate notification
that corrections are required. Employers are credited for filing,
however, when the submission is first sent online. The program
functions 24 hours a day.
"This new online service is another
effort by the state to streamline its services and make required
government filing easier and more convenient for businesses,"
according to Brenda Russell, director of Department of Employment
Security. "Last January, together with IDOR, we introduced TaxNet, a
free service that allows small Illinois businesses to both file
their state withholding taxes and pay their unemployment insurance
taxes online. FSET enhances electronic filing options by allowing
businesses and payroll service providers to add federal withholding
taxes in a single process."
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column in this article]
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Filing returns electronically allows
government agencies to improve service to taxpayers. Returns filed
electronically, unlike paper returns that must be received and
entered manually, allow instant access to current taxpayer
information. Agencies also realize a cost savings for every
electronic submission.
Payroll companies and employers that
wish to register for FSET should call Kevin Richards at the Illinois
Department of Revenue, (217) 782-3664, or Santiago Diaz at the
Illinois Department of Employment Security, (312) 793-1923, or go
online to www.Iltax.com or
www.ides.state.il.us.
PayCycle, at
www.paycycle.com, is the first
payroll service company to win approval by both state agencies after
pilot testing. Employers or payroll services that use FSET are not
charged fees, but they are responsible for installing XML
programming and setting up their protocols. Those who participate
are assured of clean transactions, an ability to warehouse
transactions and immediate filing confirmation.
[News release
from the
Illinois
Department of Revenue and the
Illinois Department of
Employment Security]
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