Pennsylvania Tax Amnesty Begins April 21, 2017
The Pennsylvania Tax Amnesty Program begins on April 21, 2017, and continues through June 19, 2017. The amnesty period is open for 60 days.
During the amnesty period, any taxpayer with existing tax liabilities owing to the Commonwealth of Pennsylvania, whether known or unknown, as of December 31, 2015, may settle its tax debt by paying the full amount of tax due, plus one half of the interest accrued to date. The remaining interest and any penalties will be waived by the Commonwealth.
Taxpayers who fail to come forward during the amnesty period will be subject to a 5 percent nonparticipation penalty on future assessments for taxes that were eligible for the amnesty program. The amnesty applies only to taxes due and owing to the Commonwealth of Pennsylvania; it does not apply to taxes owing to Philadelphia or other local governments.
For more details about the program, please see this previous alert issued by Saul Ewing.
This is a tremendous opportunity for taxpayers to come forward and clear existing tax liabilities. If you have questions about whether you qualify for the program, or would like guidance navigating the amnesty process, please contact one of the authors or the attorney at the firm with whom you are regularly in contact.