Tax Amnesty before May 31st 2016

Take Advantage of the Tax Amnesty before May 31, 2016

tax amnesty

The vast majority of Bay Staters pay their taxes, but not all. Now there’s an opportunity for those who have not filed, or have under reported, to get on track and pay no penalties through a tax amnesty.

Open to Businesses and Individuals:  Who have not filed all Massachusetts tax returns when obligated to do so – could be one or more returns. Or, who have under reported taxes on a previously filed tax return and want to correct the error.

New tax system makes it easier to identify tax evasion Massachusetts’ new system for filing and paying is now available to businesses and will soon be available for individuals. This state-of-the-art tax system will play an important role in identifying tax avoidance. Time is limited to take advantage of this amnesty and waive penalties.

Easy, online Amnesty Return First, the amount of tax is calculated by completing a return and any schedules. Then, the amount of tax due is entered on the easy, secure, online Amnesty Return, which will be available on the amnesty webpage as of the April 1 kickoff date. Interest is automatically calculated and the balance due will be shown.

Payment can be made electronically and confirmation of receipt of the Amnesty Return is immediate.

More information is available at mass.gov/TaxAmnesty including FAQs.

Author: Mashpee Chamber of Commerce

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