Monday, July 15, 2013

Connecticut Tax Amnesty Program

If you currently owe money to the State of Connecticut or if you have returns that are late and have not yet been filed, you can save a lot of money by getting into compliance with the State of Connecticut. The State will have an tax amnesty program running from September 16, 2013 through November 15, 2013. In this program, the state will accept payment of only the taxes owed and 25% of the interest normally charged for any delinquent taxes (for tax periods due before November 30, 2012). The State will waive all penalties and will not pursue criminal prosecution for the unfiled returns or unpaid taxes.
There is a flip-side to this though: If you have unfiled returns for tax periods due before November 30, 2012 (for any type of tax) and you do not file an amnesty application, you will receive an additional 25% penalty.
If you would like more information about the amnesty program or if you would like us to represent you for this program, contact us.

Warning: You may lose your State of Connecticut license if you have an unresolved state of Connecticut tax problem


The State of Connecticut will no longer issue or renew the following types of licenses if you owe taxes to the state unless you pay the delinquent taxes or you have made a satisfactory payment arrangement for the taxes owed. This pertains to the following licenses:
1. Cigarette dealer, distributor, or manufacturer's license;
2. Tobacco product distributor license; and
3. Sales tax seller's permit.
If you owe money to the State of Connecticut and you know that you will need to apply for a new license or need to renew your current license soon, you will want to get this issue addressed right away - and the Connecticut tax amnesty program may be the cheapest way to get this accomplished.

No comments:

Post a Comment