The Alabama Tax Amnesty Program will be open beginning July 1, 2018, and ending on September 30, 2018 for taxes due prior to 2017. This program provides delinquent taxpayers with relief from penalties and interest on tax due and in most cases applies to a limited look back period of 3 tax years. It does not apply to delinquent motor fuel, motor vehicle, and property taxes.
Sales and use taxes may be due from unregistered businesses, taxpayers who have under-reported prior periods, or consumers who have not self-remitted use tax due on purchases. These taxes can be remitted during the amnesty period May-June without penalty.
Tax amnesty does not prevent the state, however, from auditing the periods remitted, nor does it prevent the state from examining records from prior periods. If a business has a long history of amounts due from prior periods, that business may want to look into a Voluntary Disclosure program as an alternative to taking advantage of the tax amnesty period.
State Tax Advisors can assist in applying for this program, as well as providing a pre-analysis of liability. Contact us at 281-358-1060 or through our website www.StateTaxAdvisors.com.