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How does an Illinois business pay the income tax for its Indiana employees?
Wiki User
∙ 14y ago
Indiana does not have a reciprocal tax agreement with Illinois. If these employees are working in Illinois, they are not exempt from Illinois income tax or Illinois withholding. You must withhold Illinois tax from them just the same as you would from an Illinois resident.
If you have have employees who are working in Indiana for you, you must withhold Indiana tax. You may also withhold Indiana tax as a service for your Indiana-resident employees working in Illinois (in addition to the Illinois tax) if they request. You must register with the Indiana DOR as a withholding agent using Form BT-1. See:
http://www.in.gov/dor/3988.htm
Wiki User
∙ 14y ago
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Does an Illinois Resident working in Indiana file state income tax in Indiana or Illinois?
Illinois because its against the law for your job to send your info to another state. you can still get your check where you stay.
How much does a bank teller in Indiana make?
The average annual income for a bank teller in the state of Indiana is $23,000. The average annual income for a bank teller in Illinois is $27,000.
What is the main sources of income in Indiana?
what is the income of Indiana
Do you have to file Indiana taxes on gambling winnings if you are an Illinois resident?
You have to file an Indiana return if your income from Indiana sources (including gambling winnings) is more than the amount of your Indiana exemptions. You can find out the amount of your Indiana exemptions here:http://www.in.gov/dor/3815.htmYou'll want to file an Indiana return in order to get a refund if Indiana tax was withheld and you are not required to file an Indiana return.You can claim a credit on your Illinois taxes for your Indiana tax liability (the amount you paid or was withheld minus any refund you are entitled to) by attaching Schedule CR to your Illinois return:http://www.iltax.com/taxforms/Incm2008/Individual/IL-1040-CR.pdf
Is there state income tax in Illinois?
There is a state income tax in Illinois.
If you live in Florida but work in Illinois can you avoid paying Illinois state income taxes?
No because Illinois will want some state income taxes paid on the income that was earned in Illinois.
Meaning and classification of business report?
A business report is classified as an internal document and is used to help manage the business. It can show the income that was received per month and it can also show how employees are performing.
Are Illinois citizens required to pay income taxes?
Yes, Illinois has a state income tax.
Does a nonresident of Indiana have to report interest income from Indiana Certificate of Deposits on Indiana Tax Report?
No, but you may have to report it as income on your own state's tax forms.
Why do you need a business license when owning a business?
There are many reasons:So the business can be taxed. This applies to both income tax and sales taxes.So the business can be held accountable to protect the consumers from fraud.So that employees are provided proper working conditions.
What is business income?
Business income is the amount of money received through your business.
Why did anne Frank's father sell his business to his business employees?
Otto Frank sold his business to his employees because the family had to go into hiding during the Holocaust and knew they wouldn't be able to run the business. By selling it to his employees, he ensured that they would have job security and a source of income while he was in hiding with his family.
