Taxes Covered in Indiana’s Tax Amnesty Program

Posted by on Oct 30, 2015 in Tax Tips | Comments Off on Taxes Covered in Indiana’s Tax Amnesty Program

Which Taxes are Eligible for Tax Amnesty?

The Hoosier State is offering a tax amnesty program for individuals and businesses with outstanding tax liabilities and unfiled taxes prior to January 1, 2013. This program is designed to help people and organizations get caught up on their taxes.

The Indiana Department of Revenue’s tax amnesty program is available between September 15 and November 16, 2015.

Which Taxes Are Covered?

The taxes that qualify for Indiana’s tax amnesty program are numerous. There are approximately 40 different taxes included in the program.

A few examples of taxes that are covered in the program are:

  • individual income tax
  • use tax
  • excise tax
  • gas tax
  • food and beverage tax
  • motor fuel tax
  • tire fee
  • inventory tax
  • witholding
  • excise tax (individuals)
  • out of state use tax
  • inheritance tax
  • corporate income tax
  • gaming excise tax
  • cigarette tax
  • controlled substance tax
  • …and many others

Click here for a full list of the taxes included in the Indiana Department of Revenue’s tax amnesty program.

How Does Indiana Tax Amnesty Help Individuals and Businesses?

Indiana’s tax amnesty program offers the opportunity for individuals and businesses to pay tax debts prior to January 1, 2013 without paying interest on those debts. After getting completely caught up on previous tax debts, you can qualify to have tax warrants expunged from your record. Tax warrants can have a negative effect on your credit rating, so having them removed from your record could help boost your credit score.

Talk to a Tax Expert

The team of professional tax experts at Baker Retirement & Wealth Management, P.C. is available to offer guidance and answer your questions about Indiana’s tax amnesty program. Based in the greater Evansville area for nearly thirty years, our team can help with all of your tax needs. Whether you live near us in Southwestern Indiana or happen to reside in a different area of the state, give us a call or fill out the contact form¬†on our website to get in touch today. We work with clients from all over the state, including Vincennes, Indianapolis, Terre Haute, Fort Wayne, and beyond.

To learn more about qualifying for tax amnesty in Indiana, contact the Baker team today at 1-866-244-3517.

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