Indiana Tax Amnesty Program to Start in September
In a recent client alert, we explained Indiana’s new tax amnesty program. We have now just learned that the Indiana Department of Revenue (Department) may soon be announcing that the eight-week tax amnesty program will start in mid-September 2015. The Department will be publishing emergency regulations soon to provide details on the amnesty program. The Department appears to be willing to explore settling taxes, as well as affording taxpayers the abatement of penalties and interest in connection with the amnesty program. Taxpayers with pending disputes with the Department should consider this possible opportunity.
The Department also urges that taxpayers begin discussions with the Department about settlement and amnesty well before the amnesty program start date. Depending upon the issues involved, a business wanting to explore settlement and amnesty with the Department should consider utilizing a tax professional to approach the Department first, especially if the business is a non-filer.
The material contained in this communication is informational, general in nature and does not constitute legal advice. The material contained in this communication should not be relied upon or used without consulting a lawyer to consider your specific circumstances. This communication was published on the date specified and may not include any changes in the topics, laws, rules or regulations covered. Receipt of this communication does not establish an attorney-client relationship. In some jurisdictions, this communication may be considered attorney advertising.