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Missouri Tax Amnesty Program The Missouri Department of Revenue has announced a Tax Amnesty Program for taxpayers with unpaid eligible states taxes that were due on or before December 31, 2001. Who qualifies?
Almost everyone is eligible for tax amnesty, unless your delinquent periods were due after December 31, 2001, are pending in civil, criminal or bankruptcy court, are under criminal investigation by the Missouri Department of Revenue or consist solely on lien fees and bad check charges. When is the tax amnesty being offered?
Tax amnesty will begin Thursday, August 1, 2002, and will end Thursday, October 31, 2002. How does tax amnesty work?
For many taxpayers, the interest and penalties often exceed what a taxpayer owes in back taxes. During the three-month Tax Amnesty Program, all interest and penalties on taxes owed for eligible periods will be waived, provided full payment of tax due, lien fees and bad check charges are paid in full by October 31. Taxpayers who participate in tax amnesty must agree to comply with state tax laws for the next three years from the date of agreement.
What taxes qualify?
The tax types eligible for tax amnesty include individual income tax, estate tax, fiduciary tax, sales tax, consumer's use tax, vendor's use tax, credit institutions tax, bank franchise tax, corporation income tax, marine sales tax, cigarette tax, other tobacco products tax, motor fuel tax, aviation fuel tax, credit union tax, property tax credit, employer withholding tax, motor vehicle sales tax, savings and loan tax, and corporation franchise tax. Contact Chris Baltimore at 816-753-3000 or your local RSM McGladrey tax professional to discuss how you can take advantage of the Missouri Tax Amnesty program.
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