Friday, August 29, 2014

MA Tax amnesty program offered

The Milford Daily News reports
An amnesty program in Massachusetts is set to begin on Labor Day, lasting two months and giving delinquent taxpayers and businesses the chance to avoid penalties if they fully pay outstanding tax liabilities by 5 p.m. on Halloween. 
About 300,000 people will be receiving notices in September indicating they are eligible for the program, which proponents hope will bring in millions in state revenue without the need for raising taxes. 
With the exception of the corporate tax, which is not included, the amnesty program covers the major tax categories for individuals and businesses, including personal income, sales tax, withholding tax, and tobacco and gasoline excise taxes. Other niche taxes are also not included.

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