Individuals and businesses that owe tax to the state of Connecticut are getting a chance to pay back taxes with heavily reduced penalties. The amnesty program will begin Monday, September 16, 2013 and end Friday, November 15, 2013. Individuals can apply for amnesty for tax years 2011and prior. Businesses can apply for any tax period before September 30th, 2012 if they file quarterly, or November 30th, 2012 if they file monthly. Eligible taxpayers that choose to take advantage of the amnesty will have a 75% reduction of interest owed, all penalties waived, and will not face criminal prosecution.
For more information on this topic and general FAQs visit: www.makeitrightct.com