Illinois to offer tax amnesty program

Courtesy: MGN
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SPRINGFIELD, Ill. (WIFR) -- Illinois taxpayers who incurred tax liabilities between July 1, 2011 and June 30, 2018 could be eligible for the one-time tax amnesty program.

From Oct. 1 to Nov. 15, eligible taxpayers who pay their tax liabilities in full will have associated penalties and interest waived.

Taxpayers have until mid-November to make a full payment on their liabilities and file the required paperwork with the Illinois Department of Revenue.

“Now is an excellent opportunity for taxpayers with tax liabilities to pay what they owe and come into compliance with the law,” said IDOR acting director David Harris. “By taking advantage of this amnesty program, taxpayers can eliminate any eligible tax debts owed, without penalty or interest. This allows them to have a clean tax slate with the state of Illinois."

To participate in Illinois’ tax amnesty program, taxpayers must pay all outstanding tax on an amnesty qualifying period in order to have eligible penalties and interest waived.

Gov. Pritzker proposed the program for taxpayers who have state tax liabilities, while the General Assembly agreed to include the program in this year’s fiscal budget.

For more information on the program, click here.