D.C. launches amnesty program waiving penalties, fees on back taxes

Delinquent taxpayers will get a rare opportunity to pay outstanding taxes and interest to the District of Columbia, have their penalties and fees waived, and avoid criminal prosecution. The DC Tax Amnesty program will run from August 2 through September 30, 2010, offering individuals and businesses the opportunity to satisfy their tax liabilities.

Known receivables of $170 million are owed to the district by 42,000 individuals and businesses. Sixty percent are located in the district with 40 percent outside, primarily in the Maryland and Virginia suburbs. The amnesty applies to all taxes administered by the Office of Tax and Revenue, with the exception of real property-related taxes and the ball park fee. All periods covered by tax returns due prior to December 31, 2009, are eligible.
 
A special Web site has been established to help tax delinquents expedite payment and resolve their tax liabilities. Among the issues addressed on the site are eligibility requirements, necessary documents, and the application form. Taxpayers can call the Office of Tax and Revenue at (202) 727-4TAX (4829), e-mail questions to dctaxamnesty@dc.gov, or visit the service center at 1101 4th Street, SW, Suite W270, from 8:15 am to 5:30 pm, Monday through Friday.
 
"This is a good chance for people who have taxes due to step up and do the right thing,” said Natwar M. Gandhi, the district's chief financial officer. “We understand that people and businesses are going through tough times, so we are pleased to offer this opportunity for real savings for district taxpayers who have fallen behind with their tax obligations.”
 
The District of Columbia is one of a number of jurisdictions implementing tax amnesty periods this year as governments nationwide seek ways to close budget gaps. A public-awareness program is underway to reach the residents of the district, adjacent suburbs, and across the country.
 
Related articles:
 

You may like these other stories...

Regulators struggle with conflicts in credit ratings and auditsThe Public Company Accounting Oversight Board (PCAOB), which was created by the Sarbanes-Oxley Act in 2002, released its third annual report on audits of...
Regulatory compliance, risk management and cost-cutting are the big heartburn issues for finance execs in the C-suite. Yet financial planning and analysis—a key antacid—is insufficient.That's just one of the...
A review of Financial Accounting Standards Board (FASB) guidance on share-based payment transactions found that the 2004 standard achieves its purpose and provides useful information to investors and other users of financial...

Already a member? log in here.

Upcoming CPE Webinars

Aug 26
This webcast will include discussions of recently issued, commonly-applicable Accounting Standards Updates for non-public, non-governmental entities.
Aug 28
Excel spreadsheets are often akin to the American Wild West, where users can input anything they want into any worksheet cell. Excel's Data Validation feature allows you to restrict user inputs to selected choices, but there are many nuances to the feature that often trip users up.
Sep 9
In this session we'll discuss the types of technologies and their uses in a small accounting firm office.
Sep 11
This webcast will include discussions of commonly-applicable Clarified Auditing Standards for audits of non-public, non-governmental entities.