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Showing posts from August, 2010

State Tax Amnesty: An Opportunity for Taxpayers to Pay Delinquent State Taxes, What Taxpayers Need to Know

State Tax Amnesty Programs; it seems like every month one state or another announces a tax amnesty program. This perception isn’t far from reality as approximately thirteen states announced and completed tax amnesty programs in 2009. The amnesty trend continued in 2010 with at least fourteen more states (Florida, Kansas, Kentucky, Illinois, Indiana, Maine, Massachusetts, Minnesota, Nevada, New Mexico, New York, North Carolina, Pennsylvania, Tennessee), one city (Philadelphia) and the District of Columbia announcing some form of a state tax amnesty program. And while some of the 2010 state tax amnesty programs have come and gone, others are in progress right now, and still others are set to begin in the near future.


But what exactly is a state tax amnesty? And how do these programs help taxpayers resolve state tax delinquencies (unreported or underreported taxes)? What are the advantages and disadvantages of participating in a state tax amnesty, and are they all created equal?


A state ta…