Texas Launches New Amnesty Program: Project Fresh Start

DALLAS, March 22, 2012 /PRNewswire/ -- Texas Comptroller of Public Accounts Susan Combs ("Comptroller") launched Project Fresh Start, an amnesty program ("Program") aimed at collecting delinquent taxes owed by Texas businesses. The Program will run from June 12, 2012 to August 17, 2012, during which time taxpayers can pay past due taxes in full and receive waiver of penalty and interest charges normally assessed. Amnesty applies to taxes that were due any time before April 1, 2012. Failure to participate in the Program will not result in penalty or interest assessments beyond those ordinarily assessed by the Comptroller.

(Logo:  http://photos.prnewswire.com/prnh/20110726/DA41187LOGO)

Amnesty is available for franchise tax, sales and use tax, and all other state and local taxes and fees administered by the Comptroller, except unclaimed property and Public Utility Commission (PUC) gross receipts assessments. (Property and sports and community venue taxes are not included because they are not administered by the Comptroller.) Taxpayers eligible for amnesty include those who did not file a return or report; misrepresented, understated, or omitted any tax liability on a previously filed return; or erroneously claimed credits or deductions.

Amnesty is not available for assessments already identified by the Comptroller, underpaid returns (i.e., tax that was reported but not paid), taxpayers currently under audit or review, or taxpayers already contacted by the Comptroller regarding an audit. Further, amnesty is not available for a taxpayer who has signed a settlement agreement or voluntary disclosure agreement before the beginning of the amnesty period.

More information is available on the Comptroller's special amnesty website: freshstart.texas.gov.

About Ryan
Ryan is an award-winning global tax services firm, with the largest indirect tax practice in North America and the seventh largest corporate tax practice in the United States. Headquartered in Dallas, Texas, the Firm provides a comprehensive range of state, local, federal, and international tax advisory and consulting services on a multi-jurisdictional basis, including audit defense, tax recovery, credits and incentives, tax process improvement and automation, tax appeals, tax compliance, and strategic planning. Ryan is a two-time recipient of the International Service Excellence Award from the Customer Service Institute of America (CSIA) for its commitment to world-class client service. Empowered by the dynamic myRyan work environment, which is widely recognized as the most innovative in the tax services industry, Ryan's multi-disciplinary team of more than 925 professionals and associates serves over 6,500 clients in 40 countries, including many of the world's most prominent Global 5000 companies. More information about Ryan can be found at www.ryan.com.

SOURCE Ryan

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED