- Illinois Department of Revenue will launch a Tax Amnesty Program in fall 2025
- Program runs from October 1 to November 15, 2025
- Covers taxes imposed by Illinois law and collected by the Department of Revenue
- Eligible tax periods are after June 30, 2018, and before July 1, 2024
- Paying all taxes due during the amnesty window waives interest and penalties
- No civil or criminal prosecution for these periods if conditions are met
- Full payment required for each eligible period
- Taxpayers in current litigation for nonpayment or fraud are not eligible
- Taxpayers can still file for refunds on unrelated issues or overpayments
- Opportunity to resolve outstanding liabilities at reduced cost
Source: thompsontax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
