Massachusetts offers amnesty on taxes

BOSTON – The Mass. Department of Revenue is offering a two-month amnesty period to business taxpayers with an outstanding liability. More

To continue reading this article, please do one of the following.



RHODE ISLAND & MASSACHUSETTS NEWS BRIEFS

Massachusetts offers amnesty on taxes

Posted 4/5/10

BOSTON – The Mass. Department of Revenue is offering a two-month amnesty period to business taxpayers with an outstanding liability.

Proposed by Gov. Deval L. Patrick and approved by the Legislature in November, the amnesty period will range from April 1 to June 1. Business taxpayers who take advantage of the amnesty period will not have to pay unpaid penalties or related interest.

Companies will, however, have to pay interest on their unpaid taxes.

The special business tax-amnesty program will apply to tax years or periods ending on or before Dec. 31, 2009, and covers a variety of different taxes, including use tax, meals tax and withholding taxes.

The amnesty covers a variety of business or trustee tax types, with the most significant dollars owed in sales and use tax, $165.4 million, meals tax, $93.4 million, and withholding tax, $126.2 million.

According to department estimates, the total tax owed in the amnesty bills to be issued is $408.8 million, but if all taxpayers were to pay during amnesty, the amount owed – minus penalties – would total $304.3 million. •

Calendar
PBN Hosted
Events

Two Great Programs...One Great Event. PBN's Annual Celebration of Growth and Innovation is now underway. 2014 applications are now available. Deadline August 1st.
  • 40 Under Forty
    We're almost sold out. The 10th Anniversary of 40 Under Forty, and PBN is planni ...
  • Healthiest Employers
    Save the date - August 14th - at the Providence Marriott for the 3rd annual Heal ...
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News
    Advertisement