Tax amnesty program deadline approaches

Gilroy
– With little more than a week left in the Tax Amnesty campaign,
Betty T. Yee, Acting Member of the State Board of Equalization
(BOE), today reminded California taxpayers they have until March 31
to apply to take care of any outstanding liabilities without
penalties by participating in the program
.
Gilroy – With little more than a week left in the Tax Amnesty campaign, Betty T. Yee, Acting Member of the State Board of Equalization (BOE), today reminded California taxpayers they have until March 31 to apply to take care of any outstanding liabilities without penalties by participating in the program.

The Amnesty program applies to California sales, use, franchise and income taxes from the year 2002 and earlier. The program allows individuals and businesses to avoid penalties and criminal prosecution by reporting and paying taxes and interest for eligible periods.

Taxpayers should apply if they have an existing unpaid liability, did not file a return or report tax for a taxable sale or purchase or underreported sales or purchases on a previously filed return.

Taxpayers need only file their Amnesty application by the March 31 deadline.

Taxpayers then have another two months (until May 31) to submit returns, and pay in full or enter into an installment payment agreement.

Anyone who has past tax liabilities but does not participate in the amnesty program will be subject to additional penalties.

Taxpayers can visit www.taxes.ca.gov for more information on Tax Amnesty.

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