80 Ill. Adm. Code 2110.790
Tax Consequences
Section 2110
Section 2110.790Â Tax
Consequences
Once enrolled it shall be the
obligation of each Participant to determine whether each payment under Section
2110.420 of this Part is excludable from the Participant's Compensation for
federal and state income tax purposes. Participants should notify the Department
if there is reason to believe that any payment is not excludable.