In an effort to stop unemployment fraud before it starts, the Illinois Department of Employment Security will soon require monthly wage reports from state businesses.
The report will also help prevent fraud in Medicaid and the Affordable Care Act by identifying those who make too much money to apply.
The program is the first in the nation and will augment current quarterly wage and contribution reports. It is expected to save $100 million annually by preventing improper benefits from being handed out.
"The best way to fight fraud is to prevent it before it starts. These monthly wage reports help do exactly that," IDES Director Jay Rowell said. "This common-sense approach will help every employer because it will lower payroll taxes which will create the flexibility to invest in hiring new workers that will grow our economy."
The reports will be filed using TaxNet, IDES' online tax filing program and will be phased in:
For technical details and a file format guide, visit www.imonthlyreporting.com.
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