What is the penalty for not making estimated tax payments? | 42370 | | | 11/30/2021 3:26:45 PM | will owe a late-payment penalty for underpayment of estimated tax if you were required to make refer to Form IL-2210, Computation of Penalties for Individuals | STS_ListItem_PublishingPages | | | https://www2.illinois.gov/rev/questionsandanswers/Pages/Forms/AllItems.aspx | 105707 | 1319 | | | | | | 0 | https://www2.illinois.gov/rev | 11/30/2021 3:26:45 PM | html | False | | aspx | | 16 | 16 | ~sitecollection/_catalogs/masterpage/Display Templates/Search/Item_WebPage.js |
700.305 - Penalty for Late Payment of Tax | 648699 | | | 1/29/2020 11:08:49 AM | Code 100.5020(b), but Individual owes a late payment penalty for failure to pay the unpaid $1,012.50 in estimated tax installments Individual owes a late payment penalty of $174.38 | STS_ListItem_DocumentLibrary | | | https://www2.illinois.gov/rev/research/legalinformation/regs/Documents/part700 | 423 | 7 | | | | | | 0 | https://www2.illinois.gov/rev | 1/29/2020 11:08:49 AM | pdf | False | | pdf | | 15 | 15 | ~sitecollection/_catalogs/masterpage/Display Templates/Search/Item_PDF.js |
PUB-103, Penalties and Interest for Illinois Taxes | 305951 | | | 6/24/2022 2:33:17 PM | You have the right to respond, within Late-filing (or nonfiling) penalty for transaction return What are the penalties for abusive tax avoidance transactions (abusive tax shelters | STS_ListItem_DocumentLibrary | | | https://www2.illinois.gov/rev/research/publications/pubs/Documents/Forms/AllItems.aspx | 75715 | 749 | | | | | | 0 | https://www2.illinois.gov/rev | 6/24/2022 2:33:17 PM | pdf | False | | pdf | | 15 | 15 | ~sitecollection/_catalogs/masterpage/Display Templates/Search/Item_PDF.js |
Will I owe penalties and interest? | 42852 | | | 11/21/2018 6:53:58 PM | we can process by the extended due date;
a late-payment penalty for tax not How can I be assessed a penalty if I pay the tax by the due date | STS_ListItem_PublishingPages | | | https://www2.illinois.gov/rev/questionsandanswers/Pages/Forms/AllItems.aspx | 58688 | 876 | | | | | | 0 | https://www2.illinois.gov/rev | 11/21/2018 6:53:58 PM | html | False | | aspx | | 16 | 16 | ~sitecollection/_catalogs/masterpage/Display Templates/Search/Item_WebPage.js |
IDOR Waives Late Estimated Payment Penalty for Newly Enacted Entity-Level Tax | 999367 | | | 1/12/2022 8:50:13 PM | of Revenue (IDOR) will not assess penalty for late estimated payments due for tax years ending before December 31, 2022, for partnerships | STS_ListItem_PublishingPages | | | https://www2.illinois.gov/rev/research/news/Pages/Forms/AllItems.aspx | 9604 | 141 | | | | | | 0 | https://www2.illinois.gov/rev | 1/12/2022 8:50:13 PM | html | False | | aspx | | 16 | 16 | ~sitecollection/_catalogs/masterpage/Display Templates/Search/Item_WebPage.js |
2021 IL-2220 - Computation of Penalties for Businesses | 204530 | | | 8/17/2021 11:25:26 AM | For tax years ending penalty for underpayment of estimated tax in Step 6. You do not owe the late-payment penalty for underpayment of estimated | STS_ListItem_DocumentLibrary | | | https://www2.illinois.gov/rev/forms/incometax/Documents/currentyear/business/miscellaneous | 17741 | 318 | | | | | | 0 | https://www2.illinois.gov/rev | 8/17/2021 11:25:26 AM | pdf | False | | pdf | | 15 | 15 | ~sitecollection/_catalogs/masterpage/Display Templates/Search/Item_PDF.js |
2021 IL-2210, Computation of Penalties for Individuals | 204428 | | | 8/17/2021 8:45:13 AM | Enter the amount of use tax from Form IL-1040, Line 21 Figure your late-payment penalty Use Penalty Worksheet 1 to figure your late-payment penalty for underpayment of estimated tax | STS_ListItem_DocumentLibrary | | | https://www2.illinois.gov/rev/forms/incometax/Documents/currentyear/individual | 63730 | 684 | | | | | | 0 | https://www2.illinois.gov/rev | 8/17/2021 8:45:13 AM | pdf | False | | pdf | | 15 | 15 | ~sitecollection/_catalogs/masterpage/Display Templates/Search/Item_PDF.js |
FY 2020-23 - Short-Term Relief from Penalties for Late Sales Tax Payments Due to COVID-19 Virus Outbreak | 454651 | | | 3/19/2020 2:58:22 PM | Who is a qualified taxpayer eligible for relief Taxpayers who are eligible for relief from penalties and interest on late Sales Tax payments are those operating eating and drinking | STS_ListItem_DocumentLibrary | | | https://www2.illinois.gov/rev/research/publications/bulletins/Documents/2020 | 48782 | 179 | | | | | | 0 | https://www2.illinois.gov/rev | 3/19/2020 2:58:22 PM | pdf | False | | pdf | | 15 | 15 | ~sitecollection/_catalogs/masterpage/Display Templates/Search/Item_PDF.js |
Is there a penalty if I do not pay my tax due by the due date? | 42526 | | | 11/30/2021 3:26:53 PM | You will owe a late-payment penalty for unpaid tax if you do not pay the tax you owe by the original due date of the return What is the penalty for not making estimated tax payments | STS_ListItem_PublishingPages | | | https://www2.illinois.gov/rev/questionsandanswers/Pages/Forms/AllItems.aspx | 40872 | 461 | | | | | | 0 | https://www2.illinois.gov/rev | 11/30/2021 3:26:53 PM | html | False | | aspx | | 16 | 16 | ~sitecollection/_catalogs/masterpage/Display Templates/Search/Item_WebPage.js |
700.300 - Penalty for Late Filing or Failure to File and Penalty for Late Payment of Tax | 348016 | | | 1/29/2020 11:11:31 AM | 3) If a penalty for late filing or nonfiling is imposed in addition to a penalty for late payment, the total penalty due shall be the sum of the late filing | STS_ListItem_DocumentLibrary | | | https://www2.illinois.gov/rev/research/legalinformation/regs/Documents/part700 | 1254 | 11 | | | | | | 0 | https://www2.illinois.gov/rev | 1/29/2020 11:11:31 AM | pdf | False | | pdf | | 15 | 15 | ~sitecollection/_catalogs/masterpage/Display Templates/Search/Item_PDF.js |