Feb 05, 2018
From KPMG TaxWatch
The upcoming Texas tax amnesty program will run from May 1, 2018 through June 29, 2018. Only liabilities that have not been previously reported to the Comptroller for periods prior to January 1, 2018 can be satisfied during the amnesty program. Qualifying taxpayers may receive an abatement of penalties and interest. The program does not apply to periods currently under audit or for which the taxpayer has received an audit notice. Taxes paid under the International Fuel Tax Agreement, Public Utility Gross Receipts assessments, Local Motor Vehicle taxes, and Unclaimed Property payments are also not eligible to be satisfied during the amnesty program. Texas’ last amnesty program was held in 2012. Please stay tuned to TWIST for future amnesty information.
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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.