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941 2023 Form: What You Should Know

C. Annual filers:  File two Form IL-941 for the same pay period. In the same return, both filers will report wage payments and federal income taxes withheld, but only one can receive  payments at the end of the quarter. In IL-941-B, you can report either gross income, net income, or taxable income. In IL-941-F, you can report the total of the two. Report  amounts for both tax returns in full. Quarterly filers:  File one Form 941 and two Illinois Withholding Tax Return forms for the same pay period.

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