Reminder Kentucky's & Rhode Island Tax Amnesty Programs

Just a reminder Kentucky and Rhode Island are offering tax amnesty programs. Kentucky Kentucky will be held between October 1 and November 30, 2012. The amnesty program will allow people or businesses owing back taxes to pay without fees or penalties. Also, the threat of prosecution will be waived, and only half the interest owed will be due. The program applies to taxes owed to the Kentucky Department of Revenue for eligible tax periods ending after December 1, 2001, and prior to October 1, 2011. Delinquent taxpayers will be receiving mailed notifications stating the known amount of back taxes and will have until November 30 to apply for amnesty and pay their overdue taxes. If taxpayers fail to take advantage of the amnesty program, penalties and interest will increase. An additional 2% interest will be charged on unpaid taxes that are eligible for amnesty. Taxpayers taking advantage of amnesty must remain current for the next three years. Rhode Island Rhode Island’s Tax Amnesty program runs from September 2, 2012 through November 15, 2012 and applies to taxes due for taxable periods ending on or before December 31, 2011. The amnesty includes 2011 Rhode Island personal income tax returns, which were due April 17, 2012. Rhode Island's Tax Amnesty program includes, but is not limited to, the following types of taxes: Corporate income tax, Estate tax, Fiduciary income tax, Personal income tax, Sales tax, Use tax, Cigarette and tobacco products taxes and Employer taxes - unemployment, temporary disability insurance The Tax Amnesty program which will allow certain taxpayers to pay the full amount of overdue taxes plus seventy-five percent of any interest due, without having to pay the remaining interest and any penalty amounts due and without being subject to any other civil or criminal penalties.