The Alabama Department of Revenue is offering tax amnesty for taxpayers that apply between June 30 and August 30, 2016. Eligible taxpayers can voluntarily come forward during this period and apply for tax amnesty for various delinquent taxes including sales tax, as well as corporate and individual income tax. As part of the tax amnesty program, all civil and criminal penalties are waived for the delinquent taxes. In addition to the waived penalties, half of all interest due is abated.
To qualify for this program, the taxpayer must have delinquent taxes from January 1, 2012 through December 31, 2014 and not previously been contacted by the Department of Revenue. For more information about tax amnesty and how it might help you and your business, please contact your Warren Averett advisor.