As the withholding agent you must pay the tax even if you failed to withhold the tax from your employee. Because we are required to collect taxes (and issue assessments when these taxes are not paid), Illinois law states that the amounts required to be withheld and paid to us (and any penalties and interest) are considered to be a tax on you. Register with us to withhold Illinois Income Tax.Īs a withholding agent (person who withholds income tax), you are liable for the taxes that you are required to withhold. other income such as interest, dividend, or retirement income.purchases of rights to Illinois Lottery winnings or.unemployment paid to an Illinois resident who has asked to have Illinois taxes withheld.gambling or lottery winnings in Illinois paid to an Illinois resident.employee compensation (i.e., wages and salaries) paid in Illinois.Generally, you must withhold Illinois Income Tax if you are required to withhold (or have a voluntary agreement to withhold) federal income tax from payments you make for FSET (For Large Employers/Payroll Companies).
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