United States

Texas: Upcoming Amnesty Program Starting Soon

Apr 23, 2018
From KPMG TaxWatch

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The Texas Comptroller’s upcoming tax amnesty program will run from May 1, 2018 through June 29, 2018.  During this time, taxes due but not reported for periods before January 1, 2018 can be paid under amnesty. Underreported taxes can also be satisfied during the amnesty period. Therefore, if a taxpayer reported a tax liability on a return prior to January 1, 2018, but did not report all the tax due, amnesty is available. 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, or accounts that are currently in litigation. Taxes paid under the International Fuel Tax Agreement, Public Utility Gross Receipts assessments, Local Motor Vehicle taxes, and Unclaimed Property payments are not eligible to be satisfied during the amnesty program. Texas’ last amnesty program was held in 2012. Please contact Doug Maziur at 713-319-3866 with questions.

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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.