Annapolis, MD – Maryland Comptroller Peter Franchot reminds delinquent taxpayers that they have until Friday, October 30, 2015 to take advantage of Maryland’s “Act Now, Pay Now” amnesty period. The Tax Amnesty program, enacted by the General Assembly, gives delinquent taxpayers a final opportunity to pay their Maryland tax liability with only half of the interest owed.
“There are only three days left to take advantage of this opportunity for tax delinquents to settle any outstanding liabilities,” Comptroller Franchot said.
Taxpayers who failed to file a required return or pay a tax imposed on or before December 31, 2014, may file an application with the Comptroller requesting a waiver of all civil penalties (except for previously assessed fraud penalties) and one-half interest due. The waivers will be granted for all taxpayers who file their applications on time and meet the terms of the program. Payments made prior to September 1 are not eligible for the tax amnesty program.
Personal income tax, fiduciary income tax, pass-through entity nonresident income tax, corporate income tax, employer withholding tax, sales and use tax and admissions and amusement tax are all eligible for amnesty. Taxpayers who submit an application may either pay their outstanding debts in full with their application or include 10 percent of the amnesty amount due with their application, and set up a payment plan before October 30, 2015. Taxpayers who choose the payment plan must complete the terms of the agreement on or before December 31, 2016.
The amnesty application form is accessible at www.marylandtaxes.com, or taxpayers may request a form by calling 1-800-MDTAXES or 410-260-7980 from Central Maryland. Email requests may also be sent to: firstname.lastname@example.org or by regular mail to: Maryland Tax Amnesty, Comptroller of Maryland, P.O. Box 2031, Annapolis, MD 21404-2031. Additionally, completed applications may be mailed to the address above or dropped off at any of the 12 local Comptroller offices.
An interactive tax amnesty calculator is available online to help taxpayers determine the amount of tax owed. Taxpayers with an outstanding liability can determine their amnesty liability through the agency’s Amnesty BillPay application by using the notice number on bills up to six months old.
For more information and a list of Frequently Asked Questions, visit www.marylandtaxes.com.