Illinois Audit, Tax and Consulting

Illinois Insights

Illinois enacts mobile workforce legislation

Beginning in 2020, some individual taxpayers working remotely in Illinois will have a 30-day safe harbor from the state income tax.

Illinois enacts new apprenticeship tax credit

Senate Bill 1591 provides an income tax credit for qualified apprentice education expenses through Dec. 31, 2024.

Illinois tax amnesty programs kick off on Oct. 1, 2019

Amnesty programs will run through Nov. 15, 2019, and offer qualifying taxpayers complete waiver of interest and penalties.

Illinois enacts broad tax changes

The 2019 legislature passed several tax changes, issued marketplace facilitator rules and provided additional credits and incentives.

Strategies to maximize R&D for automotive companies

The ability of automakers and suppliers to include tooling expenses in their R&D credit can create a tremendous benefit.

Illinois Tool Works wins Tax Court debt-equity case

IRS’ attempt to re-characterize loan as a distribution from subsidiary’s earnings fails under debt-equity principles.

Illinois enacts FY19 budget with economic sales tax nexus provisions

Illinois’ FY19 budget legislation easily passes the general assembly with minor tax changes, including sales tax nexus expansion.

Illinois restores EDGE and Angel Investment Tax Credit programs

Illinois extends sunset of the Economic Development for a Growing Economy and Angel Investment tax credits for an additional five years.

Illinois enacts first state budget since 2015

The budget increases personal and corporate tax rates, makes tax exemption and credit changes and revises the unclaimed property law.

Illinois adopts click-through nexus rules

Illinois department adopts guidelines for rebutting the presumption that nexus is established through click-through agreements.