Connecticut Tax Settlement Incentive Program Begins!
The Connecticut Tax Settlement Incentive Program is offered to taxpayers that have eligible tax liabilities with the Department of Revenue Services (DORS). The program runs from October 15, 2009, to December 15, 2009.
According to the CT DORS, qualified taxpayers will receive a notification letter identifying the specific liabilities that are eligible for the settlement program.
The benefit of participating in the settlement program is that it waives both the remaining civil penalties and 50% of the remaining interest owed in connection with the eligible liability.
In order to participate in this program, the taxpayer must return the Settlement Program Detail page along with full payment of the Settlement Offer Total Due amount to the Department of Revenue Services no later than December 15, 2009.
Brian Strahle is the owner of LEVERAGE SALT, LLC where he provides state and local tax technical services to accounting firms, law firms and tax research organizations across the United States. He also writes a weekly column in Tax Analysts State Tax Notes entitled, "The SALT Effect." For more info, visit his website: www.leveragestateandlocaltax.com
You can reach Brian at firstname.lastname@example.org.
Because state and local taxes are deceptively simple and endlessly complicated.