Friday, March 23, 2012

Texas Comptroller to offer Limited Tax Amnesty Program This Summer

The Texas Comptroller of Public Accounts announced it will oversee a limited Tax Amnesty Program to run from June 12 to Aug. 17, 2012.

Under the “Fresh Start” program, the Comptroller will waive penalties and interest for businesses that file delinquent tax reports and pay all taxes due, or amend reports that underreported taxes and pay the taxes due.

The program’s website indicated that tax reports originally due before April 1, 2012 are eligible for this limited amnesty but the amnesty does not apply to filing periods under audit, or identified for an audit or investigation.

According to the state, the amnesty is intended to apply to those who didn't file a tax report, underreported tax on a previously filed report, or don’t have a permit to report and remit Texas taxes.

Additional information on the program is available at

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