Louisiana Tax Amnesty 2014: October 15-November 14, 2014

Louisiana Tax Amnesty 2014 is a one month period for individual and business taxpayers to bring delinquent tax accounts up to date by clearing unpaid tax bills and filing overdue state tax returns. This is completely voluntary and begins on October 15, 2014 and ends on November 14, 2014.

Amnesty will be granted only for the eligible taxes to eligible taxpayers who apply during the amnesty period and who pay or enter into an installment agreement for all of the tax, half of the interest due, all fees and costs, if applicable, for periods designated on the amnesty application.  If the application is approved the secretary shall waive the remaining half of the interest and penalties associated with the tax periods for which amnesty is applied. Taxpayers taking advantage of the 2014 Amnesty program now have the opportunity to pay their delinquent amount in installments.

Eligible taxpayers are:

• Taxpayers who failed to file a tax return or report
• Taxpayers who failed to report all income or all tax, interest, and penalties that were due
• Taxpayers who claimed incorrect credits or deductions
• Taxpayers who misrepresented or omitted any tax due
• Certain taxpayers under audit or in administrative or judicial litigation

Taxpayers involved in a criminal investigation or criminal litigation for taxes administered by LDR do NOT qualify for the 2014 Amnesty.

For further questions, call Person CPA Group 780-8299 or click here for the link to the Louisiana Department of Revenue.