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1098-F
What is Form 1098-F, Fines, Penalties, and Other Amounts, issued by the Illinois Department of Revenue?
Form 1098-F reports payments owed by a taxpayer as a result of a court order, settlement agreement, or other assessment that became, or will become, binding on or after January 1 of the reporting year.
Note: Form 1098-F is not a notice of tax due or bill.
Who receives Form 1098-F?
We will provide you a Form 1098-F to report payments owed if:
- a balance due was assessed between January 1 and December 31 of the reporting year, and
- the aggregate amount of unpaid tax, penalty, and interest required to be paid was $50,000.00 or more.
Note: We provide the 1098-F information to the Internal Revenue Service.
How is Form 1098-F amount calculated?
The amounts reported on Form 1098-F are calculated based on the unpaid tax balance when a bill is issued, any penalties assessed, and interest accrued on the unpaid balance from the time the bill is issued through the end of the reporting period (December 31).
Why did I receive more than one Form 1098-F?
You will receive a Form 1098-F for each item where payments were owed on a balance due assessed January 1 through December 31 of the reporting year, and the aggregate amount of unpaid tax, penalty, and interest required to be paid was at least $50,000.00.
What should I do if I believe my Form 1098-F is incorrect?
Please write to IDOR at the following address:
TAXPAYER ASSISTANCE DIVISION
ILLINOIS DEPARTMENT OF REVENUE
PO BOX 19001
SPRINGFIELD IL 62794-9001