Under the 2019 Illinois Tax Delinquency Amnesty Act, Illinois taxpayers have the opportunity to pay delinquent taxes with the possibility of waiver of interest and penalties. It applies to taxes collected by the Illinois Department of Revenue (IDOR). The tax liability must be paid between October 1, 2019 and November 15, 2019.
Separately, there is also an amnesty for Illinois franchise tax and license fees. These taxes are administered by and paid to the Illinois Secretary of State. Similar to the IDOR taxes, interest and penalties can be waived if delinquent franchise taxes and license fees are paid between October 1, 2019 and November 15, 2019. The last time such an amnesty was offered was in 2008. So this is a rare opportunity for those concerned about late or unpaid franchise taxes or license fees.
More information on the 2019 Illinois Tax Delinquency Amnesty Act can be found at the IDOR website at: https://www2.illinois.gov/rev/research/news/Pages/2019-Illinois-Tax-Amnesty-Program.aspx.
Taxpayers can consult their tax advisers to see if they can benefit from this amnesty. Our firm can assist with respect to the amnesty for Illinois franchise tax and license fees. Please contact Ben Gould at bgould@masudafunai.com or Jennifer Watson at jwatson@masudafunai.com
© 2024 Masuda, Funai, Eifert & Mitchell, Ltd. All rights reserved. 本書は、特定の事実や状況に関する法務アドバイスまたは法的見解に代わるものではありません。本書に含まれる内容は、情報の提供を目的としたものです。かかる情報を利用なさる場合は、弁護士にご相談の上、アドバイスに従ってください。本書は、広告物とみなされることもあります。