Individuals who have struggled to pay taxes in the past may be in luck. Tax amnesty is coming to several states for a limited period of time. Tax amnesties provide the chance for a stated group of tax payers to avoid facing criminal prosecution for delayed tax payments by paying a defined amount. Paying this amount will result in tax forgiveness of a tax liability. Here is a list of the states that will be receiving a tax amnesty:
|Arizona||09/01/2015 – 10/01/2015||https://www.azdor.gov/TaxRecovery|
|Indiana||09/15/2015 – 11/16/2015||http://www.in.gov/dor/amnesty|
|Kansas||09/01/2015 – 10/15/2015||http://ksrevenue.org/taxamnesty.html|
|Maryland||09/01/2015 – 10/30/2015||http://taxes.marylandtaxes.com|
|Missouri||09/01/2015 – 11/30/2015||http://dor.mo.gov/faq/amnesty.php|
|Oklahoma||09/14/2015 – 11/13/2015||http://www.ok.gov|
|South Carolina||No date has been set yet||Nothing available yet|
Neither Ohio nor Florida currently has an amnesty program available, but both states do have a voluntary disclosure program available for delinquent taxpayers. Under a voluntary disclosure program, the taxpayer can typically approach the state on a no-name basis to file delinquent tax returns. In most cases penalties are forgiven, but interest will still be assessed. If you have a delinquency in a state not currently providing amnesty, you’ll find that most states have some type of a voluntary disclosure program.
For an update on Ohio Municipal Reform (H.B. 5), and the ramifications to your business, join our State and Local Tax (SALT) group for a free Speaker Series program. Click here to register for the September 17 luncheon. If you have specific SALT questions, please contact Mary Jo Dolson at 888-201-4484 or email@example.com.