Latest Blog Post

Illinois Offers Tax Amnesty

Amnesty Begins October 1, 2019

Illinois-State-Flag_GI-941470890-BW-MDA tax amnesty program is set to begin in Illinois on October 1, 2019. The program offers penalty and interest forgiveness to taxpayers for eligible taxes due for periods ending after June 30, 2011, and before July 1, 2018. The amnesty will run from October 1, 2019, through November 15, 2019.

To qualify for amnesty, taxpayers must file original or amended tax returns for the amnesty period and make full payments of tax to the Illinois Department of Revenue. This amnesty applies to most state-imposed taxes which are collected by the Illinois Department of Revenue. Excluded from this program are estate tax, franchise tax, insurance tax, local taxes paid directly to local governments, property tax, or motor fuels tax.

If you sell into Illinois, determine if have nexus and may owe back taxes by viewing our Nexus Charts:

Cherry Bekaert's Nexus ChartsCare should be exercised when participating in this or any other amnesty program. For example, if liabilities exist for periods outside the amnesty program, there may be other remediation alternatives available that produce a better overall result. For more information on the program, visit the Illinois Department of Revenue website. For assistance with navigating the Illinois amnesty program, contact your trusted Cherry Bekaert professional.

Leave a comment

Catherine Stanton, CPA
As Cherry Bekaert’s National Leader of State and Local Tax (SALT) Services, and a Tax Partner based in the Firm’s Washington, D.C., practice, Cathie serves as a trusted multi-state advisor. She has worked extensively with publicly traded corporations as well as privately owned companies across a variety of industries. Cathie also serves on the Firm’s Executive Board and is a member of THInc, the Firm’s specialty practice focused on innovative companies in the technology and health & life sciences, and industrial sectors.