United States

Louisiana: Amnesty Program Suspended; Extended Until December 31, 2015

Nov 23, 2015
From KPMG TaxWatch

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The 2015 Louisiana tax amnesty program is the third and final amnesty opportunity permitted by legislation signed into law in 2013. After the conclusion of the 2015 amnesty program, there will be no new Louisiana tax amnesties before January 1, 2025. The 2015 program commenced on November 15, 2015 and was originally scheduled to run through December 15, 2015. However, the Department of Revenue recently announced that certain taxpayers were mailed invitations to participate in the 2015 amnesty that contained incorrect information. As such, the program has been suspended while corrected mailings are sent. Any payments received during the suspension will be applied to the taxpayer’s account when the amnesty program resumes on December 1, 2015. Due to the holidays, the program will now run until December 31, 2015.

Participants in the 2015 amnesty can receive a waiver of 33 percent of the penalties and 17 percent of the interest otherwise due. Unlike some state amnesty programs that apply only to nonfilers, Louisiana’s program is open to taxpayers that have previously filed returns or that have been issued assessments and taxpayers that are under audit or in the midst of litigation with the Department of Revenue over tax issues. Notably, amnesty is available for taxes due prior to January 1, 2015 for which the Department of Revenue has issued a proposed assessment, notice of assessment, bill, notice, or demand for payment not later than May 31, 2015. Amnesty is also available for taxes due for taxable periods that began before January 1, 2015. Please contact Amy Hatten at 713-319-2649 or Randy Serpas at 504-569- 8810 with questions on Louisiana’s amnesty 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.