Illinois Sales Tax Revocation Green Sticker
By: Mansoor Ansari Attorney at Law
If you have been threatened by an Officer of the Illinois Department of Revenue that your business would receive a green sticker, then you are on the road to a revocation. You may have been contacted by Annie or another Agent of the IDOR to either pay your amount due in full or have your sales tax certificate and business registration revoked. Revocation hearings take place at the Thompson Center in downtown Chicago. At this hearing, your attorney has the opportunity to represent you and try his or her best to make sure that your license is not revoked.
Why am I getting a green sticker?
The Illinois Department of Revenue puts a green sticker on the front door of your business as a way for all parties to acknowledge that you can no longer conduct business in the State. That you have unpaid sales tax due to the State that must be paid, in order for you to continue your business operation. This sales tax could be due to either collecting and not remitting the sales tax, or not even having collected it properly in the first place.
Can I file a Chapter 11 Bankruptcy and start conducting business?
Yes. Filing a Chapter 11 Bankruptcy on your sales tax debt in Illinois will get your revoked sales tax certificate back in place. However, the IDOR’s attorney will surely contest the bankruptcy and try their best to have your business removed from the protection from the Bankruptcy Court. In the past, their attorneys have clearly said that this is just another method of stealing more sales tax. This is not impossible, but be prepared to fight in Bankruptcy Court.
Remember, payment plans are always at the discretion of the IDOR. It is not a right, but a privilege. Contact our office to discuss this matter.
Mansoor Ansari J.D., LL.M. (TAX)
Illinois Sales Tax Revocation Green Sticker
