Education & Events

The Illinois Franchise Tax is an archaic set of laws that often traps well-intentioned taxpayers in the uncomfortable position of not being in compliance and/or not in good standing with the State of Illinois. This webinar will cover the basics of general compliance and explore some of the more technical nuances associated with Paid in Capital and the Allocation Factor. Additionally, we will provide solutions for maintaining or achieving compliance and offer key information on how to take advantage of the franchise tax amnesty period being offered from October 1, 2025, through November 15, 2025.

Learning Objectives:

• Establish the basics for qualifying to do business in Illinois
• Provide a deeper understanding of the key components of the franchise tax: Paid in Capital and Allocation Factor
• Explain the proper back up to support filing questioned by the Illinois Secretary of State
• Explain how to take advantage of the franchise tax amnesty

Led by Kilpatrick’s Tax team, this session will examine the latest federal and state/local tax developments and discuss practical strategies and unique insights to ensure optimal compliance, tax planning, and defense. The webinar is ideal for businesses, tax and legal professionals, and anyone keen on deepening their understanding of current tax issues.

CLE Credit
There are no prerequisites for this webinar, and advance preparation is not required. There is no cost to attend this webinar. In order to be awarded full credit, you must answer the poll questions throughout the program.

CLE Credit: 1 general credit
Program Level: Basic

CLE credit approval is pending. Credit generally is submitted, or certificates issued, within 60 days of post-program approval. CLE approval can take up to 90 days. 
Kilpatrick Townsend & Stockton LLP will apply for CLE credit when eligible in California, Colorado, Georgia, Illinois, New York, North Carolina, Ohio, Texas, Virginia, and Washington. For states not listed, a Certificate of Attendance that lawyers may use to claim credit based on reciprocity or self-apply for credit will be provided.

CPE Credit
CPE credit: 1 credit in the Field of Taxes
Program Level: Basic
Delivery Method: Group Internet Based

Kilpatrick Townsend & Stockton LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: http://www.NASBARegistry.org.

Fee
Complimentary

Register Here