Texas Tax Amnesty Program Begins May 1, 2018
Eligible taxpayers include those who:
a) did not file a required return or report originally due before January 1, 2018; or,
b) underreported taxes or fees due for any reason, such as erroneously claiming credits or deductions.
The Program does not apply to filing periods under audit or identified for an audit.
To participate in the Program, taxpayers must file an original report by submitting a paper return, and writing “Amnesty” across the top of the return and on the check or money order. If submitting an amended report, send the corrected figures on a paper return, and write “Amnesty” across the top of the return and on the check or money order.
If submitting a tax application and registering for the first time, write “Amnesty” on the application and on the return and check or money order.
Taxpayers doing business in Texas with unpaid state or local taxes may wish to consider filing under the Program prior to the June 29, 2018 deadline. If by chance a taxpayer has collected sales tax from customers and has not remitted the tax to the state, this is the appropriate time to do so and avoid penalties and interest. After the amnesty period, taxpayers will be subject to taxes, fees, penalties and interest. Taxpayers are advised to consult with their CohnReznick tax professional prior to filing under this program.
Any advice contained in this communication, including attachments and enclosures, is not intended as a thorough, in-depth analysis of specific issues. Nor is it sufficient to avoid tax-related penalties. This has been prepared for information purposes and general guidance only and does not constitute legal or professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice specific to, among other things, your individual facts, circumstances and jurisdiction. No representation or warranty (express or implied) is made as to the accuracy or completeness of the information contained in this publication, and CohnReznick LLP, its partners, employees and agents accept no liability, and disclaim all responsibility, for the consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.