How to Qualify for Tax Amnesty in Indiana

Posted by on Oct 16, 2015 in Tax Tips | Comments Off on How to Qualify for Tax Amnesty in Indiana

Do You Qualify for Indiana Tax Amnesty 2015?

The State of Indiana is offering a special tax amnesty program (Indiana Tax Amnesty 2015) for taxpayers who owe past-due taxes, did not file taxes, or underreported their tax information to file the correct tax returns and pay the tax without collection fees, interest, or other penalties.

In this post, we take a closer look at the rules for qualification. Read on for more on how to qualify for tax amnesty in Indiana.

Who is Eligible for Indiana Tax Amnesty 2015?

Taxpayers and businesses are eligible to take advantage of the Indiana Tax Amnesty 2015 program. The program is only applicable to unpaid or underreported taxes prior to January 1, 2013.

The following are ineligible for Tax Amnesty 2015:

  • Those who took part in Indiana’s initial tax amnesty program in 2005
  • Those who took advantage of Indiana’s horse claiming tax amnesty program in 2013
  • Past-due taxes, unfiled taxes, and underreported taxes from January 1, 2013-present
  • Property taxes and unemployment taxes (managed by other departments)

What Else Do I Need to Know About Tax Amnesty?

The 2015 tax amnesty program is only available for a limited time. It began on September 15, 2015, and will conclude on November 16, 2015, so there’s no time to procrastinate! Existing taxes prior to January 1, 2013 are eligible for the tax amnesty program.

According to the Indiana Department of Revenue, the 2005 effort had a target of collecting $65 million. The program ultimately collected $244 million for the state. Funds collected throughout Tax Amnesty 2015 will go to the Indiana Regional Cities Development Fund, the Indiana Department of Transportation, and the state’s general fund.

To take part in Tax Amnesty 2015 by paying your account in full or creating a payment plan, call 1-844-TAXESIN.

Get Tax Help Now

The bottom line is that Indiana’s tax amnesty program is a great opportunity for taxpayers who are eligible. Take advantage of this opportunity to pay past-due taxes without penalties, interest, or collection fees. If you’re behind on your taxes, the professionals at Baker Retirement & Wealth Management, P.C. can assist you with filing. We’re helping people just like you in the Evansville area and beyond catch up with overdue tax obligations. If you owe overdue taxes in the state of Indiana, there’s not a moment to lose.

Call the Baker team today at 1-866-244-3517.

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