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Focus on State & Local Taxation: Current Tax Amnesty Programs

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States and other taxing jurisdictions often offer amnesty programs to accelerate the collection of revenue. Some programs are only for non-filers, some are for only certain tax types and others may accept any outstanding tax due, even those previously assessed. Often under these programs, assessment of penalties are waived.
December 15, 2010

States and other taxing jurisdictions often offer amnesty programs to accelerate the collection of revenue. Some programs are only for non-filers, some are for only certain tax types and others may accept any outstanding tax due, even those previously assessed. Often under these programs, assessment of penalties are waived.

Once an amnesty period ends, additional and higher penalties are often assessed on liabilities not satisfied during the amnesty period. Below is a listing of active or upcoming amnesty periods.

STATE
District of Columbia
Florida
Maine
Nevada
New Mexico
Kansas
Illinois
AMNESTY PERIOD
August 2, 2010 –September 30, 2010
July 1, 2010 –September 30, 2010
September 1, 2010 -November 30, 2010
July 1, 2010 -September 30, 2010
June 7, 2010 –September 30, 2010
September 1, 2010 – October 15, 2010
October 1, 2010 - November 8, 2010

For states and other taxing jurisdictions without a current amnesty period, most will offer a voluntary disclosure program for non-filers. Under these programs, the states often limit the number of look-back years and may abate penalties. RubinBrown can assist the taxpayer to remain on an anonymous basis with the states until the voluntary disclosure application is accepted by the state.

Please contact the below RubinBrown team members for additional information on tax amnesty or voluntary disclosure needs.

 

Under U.S. Treasury Department guidelines, we hereby inform you that any tax advice contained in this communication is not intended or written to be used, and cannot be used by you for the purpose of avoiding penalties that may be imposed on you by the Internal Revenue Service, or for the purpose of promoting, marketing or recommending to another party any transaction or matter addressed within this tax advice. Further, RubinBrown LLP imposes no limitation on any recipient of this tax advice on the disclosure of the tax treatment or tax strategies or tax structuring described herein.

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