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Fresh Start Amnesty Program Deadline Is August 17

In previous posts, our Texas readers have learned about the Texas tax amnesty program called Fresh Start. It is an amnesty program for taxpayers who have back taxes or tax debt owed to the Texas Comptroller's Office. The deadline is August 17.

The taxes are those which are typically owed by small businesses such as Limited Liability Corporations, C corporations or S corporations. The amnesty forgives the penalties and interest for late filing, for nonpayment and for underpayment. The taxes must still be paid.

The amnesty applies to back taxes and tax reports that were due prior to April 1, 2012. The amnesty does not apply to the following tax reports:

  • 2012 franchise tax report due May 15, 2012
  • March 2012 monthly sales tax report due April 20, 2012
  • First quarter 2012 sales tax report due April 20, 2012

The types of taxes which are included in the amnesty program are those which are paid to the Comptroller including the following:

  • City or county sales tax
  • International Fuel Tax Agreement (IFTA) taxes
  • Metropolitan transit authority taxes
  • Other fees or taxes administered by the Comptroller of Public Accounts

There are other Texas taxes and fees which are not covered in the amnesty program including:

  • Local or state property taxes
  • Public Utility Commission gross receipts assessments
  • Sports and community venue tax
  • Unclaimed property tax

As we have mentioned in previous posts, tax debt does not tend to go away, but is best faced head on with the assistance of a professional representative.

Sources:

  • Corsican Daily Sun, "Tax amnesty deadline approaching," Aug. 7, 2012
  • Texas Comptroller's Office, "Fresh Start Texas Taxpayer Amnesty Program 2012," May 4, 2012

At our Dallas law firm, we represent individuals and businesses solve their tax issues related to back taxes and unfiled tax reports such as those mentioned in this posting.

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