Electronic payments are now required for most taxpayers who have an annual tax liability of $20,000 or more for most taxes beginning October 1, 2010, more than $12,000 for withholding income tax beginning January 1, 2011. If you use the Automated Clearing House (ACH) credit payment method, the bank is changing effective October 1, 2010.
What is the banking change for ACH credit payments? The bank used for ACH credit payments is changing for payments settling on or after October 1, 2010. Direct your payment to the department's new account at Wells Fargo Bank, 90 South Seventh Street, Minneapolis, Minnesota 55402. Use the exact date so that your payment is applied correctly to your account.
How are payments made electronically? The department has several methods to make your payments electronically. WebFile and Pay This is the easiest way to make your payment online at any time. You can schedule the dollar amount, debit date, and tax period for your payments. No software or registration is required. Visit our web site for more information. Other electronic options You may select from other electronic options available on our web site, such as TaxNet or Federal State Employment (FSET), EFT ACH credit and ACH debit. Most require preregistration on Form EFT-1. We also offer the Federal Reserve Wire Transfer (Fedwire) only as an emergency backup payment method. (Informational Bulletin FY 2011-01, Illinois Department of Revenue, July 2010.)