Comparing State Tax Amnesty to Voluntary Disclosure, Which Program is Best for Resolving State Tax Delinquencies
Practical SALT Guidance: A while back (a long while back), I wrote a post on State Tax Amnesty programs (August 2010) and a second post on State Tax Voluntary Disclosure programs (February 2011) – two options available for individual and business taxpayers who wish to resolve state tax delinquencies. The first post, “State Tax Amnesty: […]
Massachusetts Cities and Towns Given Authority to Enact Local Amnesty
Local Tax Developments, Massachusetts City and Town Amnesty: In July of 2010, the Massachusetts legislature passed H. 4877, the Municipal Relief Act, which granted Massachusetts cities and towns the authority to adopt and implement a temporary municipal amnesty program during the state’s fiscal year ending June 30, 2011. State Tax Amnesty, An Overview Tax amnesty […]
Voluntary Disclosure Programs: Another Avenue for Resolving State Tax Delinquencies
Practical SALT Guidance, State Tax Controversy Options: In the past, I’ve written about and explained State Tax Amnesty programs. (See my August 23, 2010 “Buzz” post, “State Tax Amnesty: An Opportunity for Taxpayers to Pay Delinquent Taxes, What Taxpayers Need to Know“) State tax amnesties have been very popular in the last few years as a […]
State of Washington Amnesty Begins Next Month
If you caught my prior post on state tax amnesty programs, you may recall that these periodic, limited-time programs are an opportunity for delinquent taxpayers to come forward voluntarily and resolve their state tax delinquencies by reporting and paying the associated tax on their unreported or underreported tax liabilities. (See my August 23, 2010 “Buzz” […]
Navigating Nexus, Published in the November 2010 Issue of the Journal of Accountancy
Nexus, nexus, nexus, aahhhh, NEXUS! The mere word can send a chill down the spine of a taxpayer who suspects its activities in a state may have created that sufficient “connection” or “tie” to subject him to a state’s income or other business tax, or to be subject to a state’s sales tax collection requirement. […]
State Tax Amnesty: An Opportunity for Taxpayers to Pay Delinquent State Taxes, What Taxpayers Need to Know
State Tax Amnesty Programs; it seems like every month one state or another announces a tax amnesty program. This perception isn’t far from reality as approximately thirteen states announced and completed tax amnesty programs in 2009. The amnesty trend continued in 2010 with at least fourteen more states (Florida, Kansas, Kentucky, Illinois, Indiana, Maine, Massachusetts, […]
Florida Amnesty Begins July 1st: Another State Jumps on the Amnesty Bandwagon
SALT Alert: As the trend in State Tax Amnesties continues, we have yet another state that has instituted a tax amnesty program. In response to Florida H.B. 5301, the Florida Department of Revenue (“the Department”) has developed and implemented a one-time tax amnesty program which runs from July 1 through September 30, 2010. Florida’s amnesty […]
Massachusetts Limited Amnesty Program for Taxpayers with Existing Business Tax Liabilities Begins April 1, 2010
SALT Alert: On March 12, 2010, the Massachusetts Department of Revenue (“the Department”) issued Technical Information Release (“TIR”) 10-5, Limited Amnesty For Taxpayers With Existing Business Tax Liabilities, in which the Department announced the details of a limited amnesty program which goes into effect today, April 1, 2010. This two month limited amnesty program will run […]