Leading Frisco based tax preparation firm, Hinckley Cook Certified Public Accountants, has announced they can help clients with the Texas Tax Amnesty Program. It allows delinquent taxpayers to get relief from penalties and interest on due tax.
Hinckley Cook, CPAs, a firm that provides tax preparation, tax consulting, accounting, payroll and bookkeeping services in Frisco, Texas, has announced it can help with the Texas Tax Amnesty Program. The program ends on June 29, 2018, and provides delinquent taxpayers with relief from penalties and interest on tax due.
More information can be found at: https://comptroller.texas.gov/tax-amnesty
The Texas Tax Amnesty Program will provide delinquent taxpayers with relief from penalties and interest on tax due. Eligible taxpayers include those who did not file for periods before January 1, 2018, or underreported taxes or fees due for any reason, such as erroneously claiming credits or deductions.
The site above explains that if a taxpayer has been notified that a period or periods are scheduled for an audit review, or if they are already under audit review, then they are not eligible for amnesty during those periods.
Anyone wanting to apply for the amnesty program should file an original report by submitting a paper return, and writing “Amnesty” across the top of the return.
Those wishing to take advantage of the program are encouraged to get in touch with a CPA in order to ensure the process runs smoothly. Hinckley Cook CPA can help with this process and provide guidance every step of the way.
Program participants can essentially wipe the slate clean in Texas by filing past due business tax reports, or amending reports that underreported taxes, without paying penalties or interest. This can be hugely liberating for those who forgot to send in the necessary information or anyone who made a mistake in their tax returns.
What’s more, participants can register for taxes that should have been reported, and catch up on those reports that should have been filed, without paying penalties or interest.
Hinckley Cook is a full service Certified Public Accounting Firm, and prides itself on its high quality service. Full details can be found at: https://hinckleycookcpa.com/frisco.php
