Fresh Start Tax Amnesty for Business Deadline August 17th

Texas Comptroller Susan Combs’ office released the following press release last week regarding a tax amnesty program for businesses. The deadline for the program is this Friday, August 17th.

(AUSTIN) — Businesses have a little more than a week remaining to take advantage of the Texas Fresh Start tax amnesty period, which ends on Aug. 17.

The amnesty is a chance for businesses to clear up their tax records and save money by not having to pay penalty and interest on tax reports they had failed to file. Businesses can file missing reports and pay the overdue taxes, or amend and pay previous reports in which they had incorrectly stated a lower amount than was due.

The tax amnesty covers taxes and fees that were originally due before April 1, 2012.  The amnesty does not apply to underpaid tax returns (tax that was reported but not paid) or filing periods that businesses have in audit.

The Fresh Start amnesty applies to sales tax, franchise tax and other state or local taxes or fees administered by the Comptroller’s office, except Public Utility Commission gross receipts assessments.

Taxpayers can get details on the Fresh Start tax amnesty at www.freshstart.texas.gov, or by calling 1-800-252-1390.

A podcast is also available at: http://window.state.tx.us/newsinfo/podcast/transcripts/TaxAmnesty2012.html.

Texas Comptroller Offers Free Tax Seminars in July

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PRESS RELEASE: AUSTIN, TEXAS

During the month of July, the Comptroller’s office will conduct 15 free taxpayer seminars across the state. At these seminars, taxpayers can learn how to properly fill out tax forms, and file and pay taxes electronically. Information about e-services will also be available to help taxpayers manage their accounts online. Comptroller representatives will be on hand to answer questions and provide assistance to attendees.

“We want to empower Texas business owners by making resources and information accessible. Conducting these seminars and making our team of tax specialists available provides much needed guidance for businesses,” said R.J. DeSilva, spokesperson for the Comptroller’s office.

A complete list of locations, dates and times of the taxpayer seminars is available at www.window.state.tx.us/taxinfo/seminars.html. Those who are unable to attend the seminars can call the Comptroller’s tax assistance line at 1-800-252-5555. Tax forms and tax information can also be found on the Comptroller’s website, www.window.state.tx.us.