Tax Amnesty Starts September 1

Legislation enacted by the General Assembly will allow a tax amnesty program from September 1 through October 30 for certain taxpayers with tax liabilities for returns due on or before December 31, 2008. The program covers individual income, fiduciary income, pass-through entity nonresident, corporate income, employer withholding, sales and use, and admission and amusement taxes.  The benefit of the amnesty program is a waiver of penalty and one-half of interest on taxes due.  Taxpayers are not eligible to participate if they:

  • Have more than 500 employees or are part of a corporate group with more than 500 employees in the United States;
  • Were granted amnesty during the 2001 tax amnesty program; or
  • Were eligible to participate in the 2004 settlement period regarding Delaware Holding Company issues.

See the Comptroller’s website for details.

Contact Ron Wineholt for further information at .(JavaScript must be enabled to view this email address) .

 

About Ronald W. Wineholt