Year-end E-filing Requirements for Illinois

The end of 2020 is almost here, so it’s time to kick your year-end filing into high gear. You may understand and be fully prepared to file your Forms 1099 and W-2 with the IRS, but what about your state e-filing requirements? 

Today we’re talking about Illinois, the home of Chicago and the world’s largest public library!

Here are the requirements for filing your W-2s and 1099s with their state agency. 

Does the W-2 need to be filed with Illinois?

Yes, the state of Illinois does require the filing of Form W-2 only if there is state withholding. This form must be submitted by January 31, this year because this falls on a weekend, the deadline is February 1, 2021. Filing your Forms W2 electronically to the State of Illinois is mandatory. No worries, TaxBandits supports the direct state filing of Form W-2 with the State of Illinois. 

Do you need to file 1099s with the state of Illinois? 

Forms 1099 are not required to be filed unless the State of Illinois requests them. The Forms 1099 can be submitted electronically or paper mailed. When it comes to the Form 1099-K, this form must be submitted electronically, beginning in the 2020 tax year. The Form 1099-K should be filed with the state when four or more transactions surpass $1,000. 

Is there a reconciliation form for the State of Illinois? 

No, there is no reconciliation form that must be filed with the State of Illinois. 

Ready to begin filing your Forms W-2 and 1099? 

Did you know that TaxBandits can handle your IRS filing, state filing, and easily distribute your recipient copies by mail! 

Get started with your year-end filing in your TaxBandits account today! Sign up for free to get started!