Nevada Governor Jim Gibbons has approved a tax amnesty program that will run from July 1, 2010 to September 30, 2010. Since Nevada has no individual or corporate income tax, this amnesty program will likely be most beneficial to companies with sales/use tax liabilities or individuals who have purchased large assets and owe sales tax on those purchases.
Save Penalties and Interest with Tax Amnesty
Those who participate in the Nevada amnesty program by filing the necessary forms and paying their tax in full will have all of the associated penalties and interest waived.
Who Qualifies for Nevada Tax Amnesty?
This amnesty program applies to any tax that is paid to the Nevada Department of Taxation and was originally due before July 1, 2010.
You cannot receive amnesty under this program if you have agreed to a compromise or settlement agreement with the Nevada Department of Revenue or the Nevada Tax Commission with respect to the unpaid tax, fee, or assessment.
Can Still Be Audited
Participating in this amnesty program does not exempt you from being audited. You can still be selected by the Department of Taxation for an audit and audited in the same manner as anyone else.
How to Receive Amnesty
To receive amnesty you need to:
- File a request for relief under the amnesty program by September 30, 2010
- Pay in full any unpaid tax, fee, or assessment
Nevada Department of Taxation