TALLAHASSEE – Florida taxpayers who owe unpaid state taxes can save money and clear up tax liabilities by going online to learn more about Florida’s 2010 tax amnesty through September 30.
Tax amnesty information, including a Tax Information Publication and Tax Amnesty Agreement form, are available on Revenue’s website at www.myflorida.com/dor/amnesty.
Why take advantage of Florida’s tax amnesty period? Taxpayers can:
• Significantly reduce the interest that is due, up to 50 percent.
• Pay no penalty.
All Department of Revenue (DOR) administered taxes due before July 1, 2010 are covered during the amnesty period except unemployment taxes and the Miami-Dade County Lake Belt fees. An amnesty agreement form must be submitted to the department to participate.
Taxpayers who identify a tax liability unknown to Revenue will be required to pay only half as much interest as they would if DOR found the unpaid tax later. If DOR already identified the tax liability in a bill, jeopardy assessment, or other assessment, or had already scheduled an audit, the taxpayer is eligible for a one-fourth reduction in interest charges. In addition, taxpayers will receive a complete waiver of penalty under tax amnesty. (Taxpayers who comply with tax laws already save money—they never owe penalty or interest!)
“For taxpayers who owe taxes or who may have made a mistake in the past, tax amnesty is a chance to pay taxes owed to the state and save money,” said Lisa Echeverri, Executive Director, Florida Department of Revenue. “We also want to thank the thousands of businesses and citizens who work hard every day and comply with Florida’s tax laws so our state has the critical funding it needs to build roads, educate our children and serve our most vulnerable citizens.”
How does a business know if they are eligible?
You and your business are eligible if your liability for tax, penalty or interest was due on or before June 30, 2010, and:
• You complete a Tax Amnesty Agreement (www.myflorida.com/dor/amnesty).
• Your liability is not already covered by a settlement or payment agreement.
• You are not under criminal investigation for violating a Florida revenue law.
• You have not been convicted of violating any Florida revenue law.