For Immediate Release
September 1, 2010

Illinois – Pay No Interest or Penalties With Illinois Amnesty

Illinois – Pay No Interest or Penalties With Illinois Amnesty

Illinois – Pay No Interest or Penalties With Illinois Amnesty

All taxes that the state administers qualify for the program.

The Illinois Department of Revenue will establish an amnesty for all taxpayers for taxes due for any taxable period ending after June 30, 2002, and prior to July 1, 2009. The amnesty period will run from October 1, 2010, through November 8, 2010. Under the terms of the amnesty, upon payment by a qualifying taxpayer of all taxes due, the department will not seek to collect any interest or penalties that may apply and will not seek civil or criminal prosecution for any taxpayer for the period of time for which the amnesty was granted. Failure to pay all taxes due to the state during the amnesty period would invalidate any amnesty granted.

Anyone who has a tax liability for the amnesty period and does not satisfy it during the amnesty program will be charged double the amount of any interest or penalty that would otherwise apply.

If you would like additional information on this topic or have any questions, please contact the taxdesk@thesaltgroup.com

 

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