Wednesday, May 27, 2009

Arizona Amnesty Reminder: Time is Running Out!

The state of Arizona's tax amnesty program ends June 1, 2009. Taxpayers who take advantage of the program will not have to pay penalties, and will pay a reduced interest rate. Amnesty applies to individual and corporate income, transaction privilege (sales), use, withholding, partnership, fiduciary, and luxury taxes. The program covers taxable periods between January 1, 2002 and December 31, 2007.

The City of Phoenix's two-month tax amnesty program ends June 15, 2009. Under the program, taxpayers can pay delinquent privilege license tax (sales tax) or license fees without paying penalties, and only pay half the interest. The City has stated that stronger enforcement efforts will be put in place after the amnesty program ends.

Please note, there is additional criteria to be met to qualify for the amnesty programs.

If you have any questions, please contact me at leveragesalt@earthlink.net.