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Taxpayer Solutions, Inc. WE SPECIALIZE IN: Offer In Compromise, Installment Agreements, Wage Levy, Bank Levy, Innocent/ Injured Spouse, Unfiled Return(s), Payroll Tax Problems, Trust Fund Recovery Penalties, and other methods to end your tax problems in your best interest. |
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Illinois Income Taxes
If you owe Illinois taxes, you may be able to (1) reduce penalties and interest, (2) qualify as an innocent spouse or, (3) qualify under the Illinois Offer in Compromise program. If you haven't filed your Illinois tax returns, you may qualify under the Voluntary Disclosure program, which may limit your tax liability and criminal sanctions. But, you must act now. Contact Us before any changes are made to the Illinois Regulations. Illinois Offer in Compromise The Illinois program requires information that is similar to the IRS program, such as a financial statement, monthly income and expense statement. A petition in the nature of an offer in compromise may be filed only after an assessment of tax liability becomes final. The only grounds for relief under the Illinois program, is an uncertainty as to collectibility. This is different from the Federal OIC program which allows for doubt as to liability and other issues. If you think you qualify to make an Illinois Offer in Compromise, Contact Us today. An Offer In Compromise is defined as a proposal by the taxpayer to pay a certain sum in full satisfaction of the unpaid amount of tax, including penalty and interest. Waiver of Penalties and Interest A petition for abatement of a penalty or interest may generally be filed in cases where (1) there is reasonable cause or (2) delays were caused by the Department. Only the Board may waive penalty or interest. Voluntary Disclosure, Unfiled Returns Taxpayers must voluntarily come forward. In order for the statute of limitations to be limited to no more than four years regarding unfiled returns, a taxpayer must voluntarily come forward and disclose the liability. If you have unfiled Illinois income tax returns, Contact Us Today. Installment Agreements If you are unable to pay your Illinois taxes in full, you may be able to pay them on an installment basis. Interest and penalties will continue until the unpaid taxes are fully paid or compromised. If you want to set up an installment agreement, Contact Us Now. Innocent Spouse Spouses who file a joint return for a taxable year are each liable for the entire tax liability of the couple, regardless of which spouse earned the income reportable on the return. HOWEVER, spouses may be entitled to relief from some or all of a joint return liability under the innocent spouse provision. An election to obtain relief applies to every year for which a joint return was filed involving the same two individuals listed in the election. If you think you are an innocent spouse, Contact Us Today. What to do? If the State of Illinois has filed a State Tax Lien against you, or you believe that you were wrongly charged penalties and interest, or you believe you should not pay taxes your spouse owes, or you have not filed your Illinois tax returns, time is not on your side, CONTACT US NOW, WE CAN HELP. Copyright 2001-2008 Taxpayer Solutions, Inc. |