Posts tagged as:

tax amnesty

Pennsylvania Plans Tax Amnesty Program

9 March 2010

Hot on the heels of the success of New Jersey’s tax amnesty program, Pennsylvania has decided to give it a whirl.
The amnesty program will kick off April 26 and run 54 days, ending on June 10, 2010. During that time, taxpayers have the opportunity to come clean and pay up. In return, all penalties [...]

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So Tell Me, Taxpayer: Do You Feel Lucky?

18 November 2009

It was a question posed to US taxpayers by the IRS in the wake of the UBS scandal: do you feel lucky?
The US offered US taxpayers the opportunity to voluntarily disclose offshore bank accounts as part of an amnesty program earlier this year. The choice? Come forward now and escape criminal prosecution [...]

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Fix the Tax Code Friday: What About Amnesty?

19 June 2009

Earlier today, I posted that New Jersey’s amnesty program has been very successful – in fact, more than three times their estimates.
Some of my colleagues have suggested a federal amnesty program might be a good idea, others believe that there might be abuse of such a program.
What do you think? Today’s Fix the Tax [...]

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Message from NJ: Amnesty Works

19 June 2009

When NJ announced its tax amnesty program, it had high hopes. With sinking revenues and a gaping hole in the budget, Governor Corzine hoped that the amnesty program would give the state some much needed relief. His lofty goal? $200 million in just six weeks.
Barely two weeks into the amnesty program, the [...]

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CT and MD Offer Tax Amnesty

30 May 2009

As states scramble to find revenue, two states had the same thought: why not try to woo those taxpayers that already owe money rather than just raise taxes? With that, Connecticut and Maryland have announced state tax amnesty programs.
Maryland’s tax amnesty program runs from September 1, 2009 through October 31, 2009. [...]

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NJ Offers Tax Amnesty Program

11 April 2009

New Jersey wants your money. And they’re willing to waive a few penalties and interest to get it.
The Division of Taxation a new tax amnesty program. The program will run from May 4, 2009 to June 15, 2009 and will apply only to returns due on or after January 1, 2002 and before [...]

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