Texas Taxpayer Amnesty Program

Texas has enacted a tax amnesty program for taxes due prior to April 1, 2012. The amnesty program is available June 12 through August 17, 2012 for all state and local taxes administered by the Comptroller’s office, except the Public Utility Commission gross receipts assessments.  The program is not available to taxpayers under audit or investigation or identified for an audit or investigation.

Under the program, all penalties and interest are waived.  Businesses that may be “doing business” in Texas and run the risk of failure to file returns should consider applying for the amnesty program.  If an existing company already doing business in Texas has not filed a tax report or underreported tax on a previously filed report, the amnesty program will be beneficial to mitigate the liability.

To participate, taxpayers must file all necessary tax returns or amended tax returns with the Comptroller’s office and pay the full amount of tax due for any period for which the taxpayer elects to take advantage of amnesty.

Please contact your Meaden & Moore representative, or Leslie Kasten at 216-241-3272 or lkasten@meadenmoore.com if you have any questions regarding this Alert or any other state and local tax matters.