Within the last 18 months the Illinois grand juries have indicted 14 gas station operators, charging they withheld a portion of the sales tax they owed to the state. Attorney General Lisa Madigan has said more than one-fourth of Illinois gas station operators have underreported their fuel taxes. Along with the Illinois Department of Revenue, Madigan is now investigating the state’s gas stations as well as tax preparers involved in the cases.
Last year’s tax amnesty program saw many gas station operators coming forward. With the program now over, those who could have participated but did not will now face doubled fines and interest.
In addition to the owed taxes, those the state has indicted face penalties for tax evasion and interest on their unpaid taxes.
For more information on sales tax audits, tax evasion cases, or other tax law concerns, contact the Chicago tax lawyers at Horowitz & Weinstein.