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The IRS Form 941 Schedule B for 2023 is used by semiweekly schedule depositors that report more than $50,000 in employment taxes. Businesses that acquire more than $100,000 in liabilities during a single day in the tax year are also required to begin filing this Schedule.

When Do You Have to File a Schedule B? Schedule B is required any time you receive interest or ordinary dividends from investments that exceed $1,500. The information reported on the form is taken directly from Form 1099-INT and 1099-DIV, which are sent directly to you and the IRS by the issuers.

Use Schedule B (Form 1040) if any of the following applies: You had over $1,500 of taxable interest or ordinary dividends. You received interest from a seller-financed mortgage and the buyer used the property as a personal residence. You have accrued interest from a bond.

More In Forms and Instructions Use Schedule B (Form 1040) if any of the following applies: You had over $1,500 of taxable interest or ordinary dividends. You received interest from a seller-financed mortgage and the buyer used the property as a personal residence. You have accrued interest from a bond.

In Illinois, most business are required to be registered and/or licensed by the IDOR. If you plan to hire employees, buy or sell products wholesale or retail, or manufacture goods, you must register with the IDOR. To obtain information contact: Illinois Department of Revenue.

How to Start a Business in Illinois Choose a Business Idea. ... Decide on a Legal Structure. ... Choose a Name. ... Create Your Business Entity. ... Apply for Licenses and Permits. ... Pick a Business Location and Check Zoning Regulations. ... Review Your Tax Registration and Reporting Requirements. ... Obtain Insurance.