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Expert Analysis

Illinois Tax Talk: Penalties In Chicago And Cook County

By Samantha Breslow (September 12, 2018, 5:00 PM EDT) -- For taxpayers surprised to find their business caught in the crosshairs of a Chicago or Cook County audit, substantial penalties can also be an alarming challenge. In a prior article, I outlined penalties assessed by the Illinois Department of Revenue, the basis for relief and the process for seeking penalty abatement. Although the basis for relief is similar for Chicago and Cook County penalties, there are key differences in the procedure and requirements for seeking penalty abatement....

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