Abusive Tax Avoidance Transactions

The Illinois Department of Revenue (IDOR), the Internal Revenue Service (IRS), and 48 other state taxing agencies work in a cooperative effort to identify participants and material advisors of abusive tax avoidance transactions, also known as abusive tax shelters. As part of this effort, Illinois has:

• Enacted penalties and additional reporting requirements for both use and promotion of abusive tax shelters;
• Entered into agreements to exchange information with the IRS and various other state taxing agencies to create and maintain a database of taxpayers participating in abusive tax shelter activity; and
• Agreed to work with the IRS and other state taxing agencies in sharing client lists from material advisors who market abusive tax shelters.

• Definitions
• Illinois Disclosure Requirements For Reportable Transactions
• Penalties and Interest

• Public Act 93-840 ( 35 ILCS 20/35 et al.)
• IDOR Regulations Section 100.5060
• IDOR Regulations Section 100.5070
• IDOR Regulations Section 100.5080

• IRS
• Illinois Voluntary Compliance Program Historical Information

• Call us weekdays from 8:00 a.m. to 5:00 p.m. at: 1 800 732-8866
• Write to our Abusive Tax Avoidance Transactions address at:
  ILLINOIS DEPARTMENT OF REVENUE
  PO BOX 19029
  SPRINGFIELD IL 62794-9029