The state is planning a "tax amnesty" this fall to allow delinquent taxpayers to pay back what they owe with only half the usual interest — and to help the government recover some much-needed revenue.
Those who are behind on their taxes will have a relatively short window — Sept. 1 to Oct. 30 — to apply and be enrolled in the program. It applies to a variety of overdue taxes, including personal and fiduciary income tax, corporate income tax, sales and use tax, employer withholding tax, and admissions and amusement tax.
"It gives an opportunity for people to catch up who weren't aware that they were delinquent until recently," said Dan Thrailkill, manager of the tax department at Baltimore-based accounting firm Ellin and Tucker. "I think you're going to find it in all walks of life. It's going to be business owners, individuals. I think it's going to be people who were unaware they had sales-and-use tax issues."
Comptroller Peter Franchot, who runs the amnesty program, did not support having one this year. He said tax amnesties should be held once every 10 to 12 years; the last one was in 2009.
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6 comments:
Citizens should be outraged at the politically connected list who owe tens of thousands of dollars and don't pay.
I paid mine on time. Do I get a credit?
Coug Cough al Sharptoncough
If government is in such dire need of revenue, than sell off that government owned land. That will put land back on tax book. Maryland and the Federal government own too much land.
What about the Feds as well?
How about the slime that don't even file taxes. I know several people right now that haven't filed in years. They just laugh at the whole thing and know that the IRS will NEVER catch up with them. Sadly....so far...it is true.
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