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ARTICLE · 04 OCTOBER 2010

Illinois Tax Amnesty Program Begins October 1, 2010

Foley & Lardner LLP
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From October 1 through November 8, 2010, the Illinois Department of Revenue (Department) will conduct a tax amnesty program in which taxpayers may pay certain taxes to the Department without penalty or interest.

United StatesTax
Foley & Lardner
Foley & Lardner
John Palmer
John Palmer
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Illinois Tax Amnesty Program Begins October 1, 2010

From October 1 through November 8, 2010, the Illinois Department of Revenue (Department) will conduct a tax amnesty program 1in which taxpayers may pay certain taxes to the Department without penalty or interest. Eligible liabilities include all taxes owed to or collected by the Department for time periods ending after June 30, 2002 and prior to July 1, 2009. The program applies to income, sales, and use taxes, among others, as well as municipal taxes paid to the Department.

There is a significant penalty for taxpayers who fail to participate in the program. With limited exception, any eligible tax subsequently found to be due that was not paid in the amnesty program period will be assessed double penalties and interest (the 200-percent sanction).

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