• PENNSYLVANIA TAX AMNESTY PROGRAM
  • July 12, 2010 | Author: R. Nicholas Nanovic
  • Law Firm: Tallman Hudders & Sorrentino, Pennsylvania office of Norris McLaughlin & Marcus, P.A. - Allentown Office
  •      PENNSYLVANIA TAX AMNESTY PROGRAM

    On October 9, 2009, Governor Ed Rendell signed into law House Bill 1531 (Act 48). As a part of this Bill, a Tax Amnesty program was created in Pennsylvania to provide an opportunity for delinquent taxpayers to settle their liabilities.

    TAX AMNESTY

    The Commonwealth of Pennsylvania has enacted a tax amnesty program that will begin on April 26,2010 and end on June 18, 2010. This tax amnesty program applies to any tax that is administered by the Pennsylvania Department of Revenue and is currently due as of June 30, 2009. Unlike Pennsylvania’s Voluntary Disclosure Program, this tax amnesty program benefits eligible taxpayers regardless of whether their liabilities are known by the Department of Revenue.

    During the tax amnesty period, any eligible taxpayer has the option to pay an overdue state tax liability. In return, that taxpayer will be responsible for only one-half of the interest due; taxpayer will not owe any penalties. Additionally, the Department of Revenue will be barred from pursuing any administrative or judicial proceeding against the taxpayer with respect to the tax liability paid pursuant to the amnesty program.

    Any taxpayer wishing to take advantage of this tax amnesty program must comply with the following requirements:

    1. File a tax amnesty return, the form which will be provided by the Department of Revenue;

    2. Make payment before the end of the amnesty period of all taxes and one-half of interest due;

    3. File complete tax returns for all years for which returns previously had not been filed; and

    4. File amended tax returns for all years for which tax liability was underreported.

    Taxpayers should be aware that a penalty of five percent (5%) will be assessed against any unpaid tax liabilities after June 18, 2010.

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    Tax Law Alert was written by R. Nicholas Nanovic, Esquire of Tallman Hudders & Sorrentino, the Pennsylvania office of Norris McLaughlin & Marcus. Nick focuses his practice on taxation, estate planning, and trusts and estates. If you have any questions regarding the information in this alert or any other related matters, please do not hesitate to contact Nick by email at [email protected] or by phone at 610-391-1800.

     

     

     

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    Circular 230 Disclaimer:

     

     

    April Scott McCann, Esq.

     

     

    Melinda Fellner Bramwit, Esq.

     

     

    Jill Lebowitz, Esq.

     

     

    Thomas N. Torzewski, Esq.

     

     

    Kenneth D. Meskin, Esq.

     

     

    Victor S. Elgort, Esq.

     

     

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    Avery E. Smith, Esq.

     

     

    R. Nicholas Nanovic, Esq.

     

     

    Judith A. Harris, Esq.

     

     

    Dolores A. Laputka, Esq.

     

     

    Donald A. Zamborsky, Esq.

     

     

    Robert G. Tallman, Esq.

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. federal tax advice contained in this communication is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding tax-related penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or tax-related matter(s) addressed herein.

     

     

     

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    Tax Law Alert provides information to our clients and friends about current legal developments of general interest in the area of taxation. The information contained in this Alert should not be construed as legal advice, and readers should not act upon such without professional counsel. Copyright © 2010 Norris McLaughlin & Marcus, P.A.

     

     

     

     

     

     NORRIS MCLAUGHLIN & MARCUS TAX ATTORNEYS SPECIALIZING IN
                                             TRUSTS & ESTATES