The Illinois Tax Amnesty Program begins October 1 and ends November 15, 2019. The amnesty program provides the opportunity for taxpayers to have eligible penalties and interest forgiven on delinquent taxes that are paid in full during the amnesty period. The program applies to both the Secretary of State and Illinois Department of Revenue.
The Secretary of State Amnesty Program covers delinquent filing fees, license fees, franchise taxes, miscellaneous charges, and annual reporting fees beginning with any tax period after March 15, 2008 and on or before June 30, 2019. All penalties and interest could be waived if a taxpayer pays the related fees and taxes. This program does not apply to parties of criminal investigations or any civil or criminal litigation pending in court for nonpayment, delinquency, or fraud in relation to any Illinois tax imposed by any Illinois law.
The Illinois Department of Revenue Amnesty Program waives all penalties and interest on unpaid taxes for tax periods from June 30, 2011 through July 1, 2018. The program also runs October 1 through November 15, 2019. Sales tax, unemployment, and withholding filings and tax payments may be included. During the amnesty period, the taxes and/or fees will have to be paid, but penalties and interest will be waived. All liabilities must be paid, and the tax returns must be filed by November 15. Taxpayers who did not file their state taxes during the original filing period will need to file their return in addition to paying the full tax liability.
For more detailed information on the Illinois Tax Delinquency Amnesty Act, please see Illinois Department of Revenue Informational Bulletin FY 2020-05.
If you wish to take advantage of the Illinois Tax Amnesty Program, contact your local Kemper CPA Group LLP office for assistance with filing the correct paperwork.