Tax Amnesty:

Illinois: Effective from February 1, 2008 through March 17, 2008, the Illinois Department of Business Services is offering Franchise Tax Amnesty and License fee Amnesty for Corporate Businesses required to file with the Illinois Secretary of State. This amnesty program allows for all past due reports, returns, and license fees to be filed and paid without the assessment of penalties and interest on the delinquent balances. Taxpayers not applying for amnesty may be subject to increased penalties and interest following the amnesty application period.

Additional information regarding Illinois' Franchise Tax Amnesty is available here.

Amnesty programs are often very rare, and it is unlikely that these states will conduct any other amnesty programs for many years. If you have questions as to how to apply and qualify, and you want to take advantage of the drastic tax savings offered through these states' amnesty programs, contact us today to discuss your case with our consultants. We'll find out how much you can save by researching your liabilities through our free, no obligation consultation, and ensure that your applications and paperwork are approved as quickly as possible.

Please check back frequently, as this pages is updated regularly upon the announcement of other amnesty programs.