The Texas Comptroller has announced a tax amnesty program under which business can file missing or correct understated reports without penalty or interest. The amnesty program runs from June 12 until August 17, 2012.
The amnesty covers state and local taxes, franchise taxes, sales taxes and fees from the Comptroller’s office originally due before April 1, 2012. It does not cover property taxes, Public Utility Commission gross receipts assessments or filing periods that are under audit.
For more information, see http://freshstart.texas.gov/.
Businesses who may have not filed in Texas but may have unreported tax liability in Texas could benefit from this opportunity. Call us today at 513-483-6699.