Tax Delinquency amnesty program open

9/24/2019, 4:10 p.m.
The Illinois Department of Revenue (IDR) is offering a rare opportunity for taxpayers in Illinois who owe delinquent taxes to ...

The Illinois Department of Revenue (IDR) is offering a rare opportunity for taxpayers in Illinois who owe delinquent taxes to the state to rectify the issue without paying penalties or interest. This very limited time program, the “2019 Tax Delinquency Amnesty Act” is designed to help taxpayers bring themselves into good standing with the IDR, clear up their outstanding debt and leave their Illinois tax issues behind them.

Patrick T. Sheehan, President of IRS Trouble Solvers, the largest tax resolution firm in Du Page County states “This is a rare opportunity to reduce or eliminate your State of Illinois tax liability and avoid paying penalties and interest. This can add up to very significant savings to the tax-payer. This is a limited time opportunity that ends November 15, 2019, and dealing with the IDR is not an easy feat. I recommend that you work with a qualified tax resolution attorney to ensure that you meet all guidelines of the amnesty program and that you are eligible for amnesty.”

Here are a few key items to know regarding the program.

What is the Tax Delinquency Amnesty Act? The Illinois Department of Revenue has announced that the 2019 Illinois Tax Amnesty Program will only be offered from October 1, 2019, through November 15, 2019. The amnesty program provides a rare opportunity for taxpayers to have certain penalties and interest waived for taxes paid in full during the amnesty program.

What is an eligible tax liability?

An eligible tax liability is a liability that was not reported or paid for the tax periods ending after June 30, 2011, and prior to July 1, 2018, for both businesses and individuals.

How does the program work?

If you qualify, and if you pay the eligible liability in full between October 1, 2019, and November 15, 2019, the IDR will forgive any penalties and interest that may be applicable. The IDR will not seek civil or criminal prosecution for any taxpayer for the amnesty period. If you don’t pay all taxes due to the IDR, the IDR will not grant you amnesty.

Who is eligible?

You cannot be a party to any current criminal investigation or to any civil or criminal litigation with the IDR.

“Given the extremely limited time of the amnesty program, and because of the expected large number of people who will attempt to seek amnesty, I strongly recommend you immediately reach out to a qualified tax resolution attorney immediately” said Sheehan, a former IRS attorney.