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Tax Amnesties Popping up...and should be taken seriously!

Alabama, Connecticut and Texas are offering tax amnesty programs that have some huge benefits. Amnesty programs are a great way to resolve nexus issues and underpayment issues. As with most amnesty programs, you must not have been contacted by the respective state's Department of Revenue to be eligible.

In Alabama, the amnesty period runs from July 1, 2018 through September 30, 2018. It includes most tax incurred or due prior to January 1, 2017 and includes a full waiver of interest and penalties. 

Connecticut's program is already open and runs through November 30, 2018. Connecticut's amnesty program includes periods up through December 31, 2016. Connecticut will waive all of the penalty and 50% of any interest due.

Texas will offer an amnesty for most taxes due prior to January 1, 2018. The amnesty period runs from May 1, 2018 through June 29, 2018 and includes full penalty and interest waivers.

© Horwood Marcus & Berk Chartered 2020. All Rights Reserved.National Law Review, Volume VIII, Number 126


About this Author

Jordan M. Goodman, Horwood Marcus, Illinois, Franchise Tax Lawyer, State Revenue Attorney

JORDAN M. GOODMAN co-chairs the firm's State and Local Tax (SALT) Group.  Jordan resolves state and local tax controversies for multistate and multinational corporations, including Fortune 1000 clients with complex operations, in industries such as manufacturing, retailing, financial services, e-tailing, broadcasting and telecommunications.

Jordan has successfully resolved tax controversies in virtually every state and counsels businesses on the tax ramifications and benefits of various organizational structures. Clients seek him out for ideas...