SIDES to fight fraud, protect taxpayers, save money
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[July 18, 2013]
CHICAGO -- A new Internet
exchange will make it easier and more efficient to protest
unemployment insurance claims, identify potential fraud and protect
the money used to pay unemployment benefits, according to the
Illinois Department of Employment Security.
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The State Information Data Exchange System, or SIDES, allows employers to
protest unemployment claims by using a secured website and a nationally
standardized format. This enhancement saves money, improves eligibility
decisions and protects workers' benefits. "SIDES allows a company to use the
Internet to protest unemployment insurance claims. If you can surf the Web, you
can use SIDES," said Jay Rowell, IDES director. "SIDES also protects employers
and employees because it keeps more money in the trust fund. A healthy trust
fund balance means less pressure to raise business taxes or lower unemployment
insurance benefits."
SIDES can save employers and employees money because it will produce
timelier, more accurate decisions. Doing so means more money staying in the bank
account from which unemployment benefits are paid. The account's balance affects
taxation rates and benefit payment amounts.
Employers choose to participate in SIDES through the TaxNet website.
Employers who do not have a TaxNet account can create one at no cost. TaxNet
offers many conveniences to business leaders, including the ability to file
required monthly reporting, pay taxes and correct quarterly reports. Once a
partner with TaxNet, employers can choose the SIDES button on the left side of
the computer screen.
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A TaxNet account can be established at
taxnet.ides.state.il.us.
To establish a TaxNet account, the user will need an email address
to receive SIDES notifications, a Federal Employment Identification
Number and an unemployment insurance account number. For
verification purposes, the process can take up to four business
days. Once established, a business can authorize multiple
individuals to access the TaxNet and SIDES accounts.
[Text from
Illinois
Department of Employment Security
file received from
the
Illinois Office of
Communication and Information]
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