Pennsylvania Tax Amnesty for 2016-2017September 13, 2016
Behind on your Pennsylvania Taxes? This Should Interest you, Literally!
In July 2016, the Pennsylvania Legislature passed a Tax Amnesty Program for Fiscal Year 2016-2017, the first tax amnesty program since 2009-2010.
Importantly, this applies to any person, association, fiduciary, partnership, corporation or other entity required to pay or collect any of the eligible taxes administered by the Department of Revenue.
In addition, under this program, amnesty applies to any tax administered by the Pennsylvania’s Department of Revenue and delinquent as of December 31, 2015. Not only does amnesty apply to taxpayers who are delinquent on payment of taxes, but also applies to liability for returns not filed, liabilities not reported, under-reported, or not established.
Granted, the taxpayer is still required to pay all taxes, but has the opportunity to save one-half of the interest due the Commonwealth, and not be required to pay any penalty or fees applicable to that tax. This can amount to thousands of dollars! Of course, amnesty is contingent on continued compliance, and only first time amnesty participants are eligible.
So if you are a taxpayer who is delinquent as of December 31, 2015, and includes any interest, penalty or fees of any eligible tax, you do not want to miss this opportunity.