Ill. Admin. Code tit. 86, § 850.170 – Withdrawal from Certified Audit Pilot Program | Midpage
§ 850.170
Ill. Admin. Code tit. 86, § 850.170
Withdrawal from Certified Audit Pilot Program
AUTHORITY: Implementing the Local Government Revenue Recapture Act [50 ILCS 355] authorized by Sections 2505-25 and 2505-795 of the Civil Administrative Code of Illinois (Department of Revenue Law) [20 ILCS 2505/2505-25] and [20 ILCS 2505/2505-795].DEPARTMENT OF REVENUE
a) If the taxpayer withdraws from the Certified Audit Pilot Program subsequent to the Department's approval of the agreed upon procedures, then the Department may conduct an audit of the taxpayer for the same audit period specified in the agreed upon procedures.
b) If the Department completes the audit, the taxpayer will not benefit from the waiver of penalties granted by the Certified Audit Pilot Program.