United States

Arizona: Amnesty Legislation Enacted

Mar 23, 2015
From KPMG TaxWatch

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Recently enacted Arizona legislation (Senate Bill 1471) establishes a tax recovery (amnesty) program that will run from September 1, 2015 through October 31, 2015. The program applies to all taxes administered by the Arizona Department of Revenue (except luxury tax and withholding tax). Taxpayers that apply and subsequently comply with the Department’s requirements for participation may receive a waiver of civil penalties and interest for tax liabilities that have been or could have been assessed during the applicable liability period. The applicable liability period is any taxable period ending before January 1, 2014 (for annual filers) and any taxable period ending before February 1, 2015 (for all other filers). Taxpayers that apply waive their rights to appeal liabilities paid during the recovery program. Certain taxpayers are not allowed to participate, including but not limited to, those that are under criminal investigation or those that have entered into a closing agreement with the Department for tax periods included in the recovery application. Please contact Lorna Pederson at (480) 459-3598 with questions on the Arizona tax recovery program.

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The following information is not intended to be "written advice concerning one or more federal tax matters" subject to the requirements of section 10.37(a)(2) of Treasury Department Circular 230.

The information contained herein is of a general nature and based on authorities that are subject to change. Applicability of the information to specific situations should be determined through consultation with your tax adviser.