Michigan Tax Amnesty And Tax Returns Guide And Instructons
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41Tax Amnesty
Tax Amnesty Defined
Installment Payments
On November 26, 2001, Public Act 168 was signed
An individual taxpayer owing more than $10,000,
into law authorizing the Revenue Commissioner to
or a non-individual taxpayer owing more than
waive all criminal and civil penalties provided by
$100,000, may pay tax and interest due in
law for:
installments if the taxpayer meets one of the
following:
•
Failing or refusing to file a return, or
•
The taxpayer is an individual and submits the
•
Failing to pay a tax, or
greater of $10,000 or 50 percent of the tax and
•
Making an excessive claim for a refund of a tax
interest due with the request for waiver and pays the
administered under the Revenue Commissioner of
remaining tax and interest due in two equal
the Department of Treasury, or
installments, the first installment due no later than
•
Nonpayment of tax previously determined to
August 15, 2002 and the second installment due no
be due.
later than September 16, 2002. Taxpayers owing
To qualify for Amnesty a taxpayer must:
less than $10,000 do not qualify for installment
payments.
•
Make a written request for a waiver, and
•
The taxpayer is a non-individual and submits
•
File a return or an amended return, and
the greater of $100,000 or 50 percent of the tax and
•
Make full payment in either a lump sum or
interest due with the request for waiver and pays the
installments of the tax and interest due for any prior
remaining tax and interest due in two equal
tax year.
installments, the first installment due no later than
The Commissioner will not waive criminal and
August 15, 2002 and the second installment due no
civil penalties if any of the following circumstances
later than September 16, 2002. Non-individual
apply:
taxpayers owing less than $100,000 do not qualify
for installment payments.
•
The tax is attributable to income derived from
a criminal act,
Additional Penalty for Failure to File
•
The taxpayer is under criminal investigation or
During Amnesty Filing Period
involved in a civil action or criminal prosecution for
that tax, or
A taxpayer who is eligible for amnesty and who
•
The taxpayer has been convicted of a felony
does not apply for amnesty during the amnesty
under the Revenue Act or the Internal Revenue Code
filing period is liable for an additional penalty equal
of 1986.
to 25 percent of tax due. This penalty is in addition
to any other interest or penalty due.
Qualifying Taxes and Tax Years
Voluntary Disclosure
Amnesty is available for taxes due before June 1,
2001. Taxes include individual income, estate
If the taxpayer is eligible to enter into a voluntary
disclosure agreement, an amnesty request will be
inheritance, intangibles, sales, use, withholding,
treated as a voluntary disclosure request. Visit our
single business, aviation fuel, diesel, gasoline,
Web site for more information on voluntary
liquified petroleum gas, marine fuel, motor carrier
diesel, cigarette, other tobacco products, public utility
disclosure.
property and severence.
For more information,
Filing Period for Amnesty
visit our Web site at
The State Treasurer has designated May 15, 2002
through July 1, 2002 as the filing period for tax
or call our toll free number
amnesty.
1-866-410-0002.
2
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial