LDR Resumes 2015 Tax Amnesty Program Today

BATON ROUGE – Louisiana Tax Amnesty 2015 resumes today. The program, which gives individuals and businesses that have fallen behind on their taxes an opportunity to make a fresh start, will run from Tues., December 1 through Thurs., December 31.

The Louisiana Department of Revenue suspended the program last month after discovering a mistake with the information included in some of the original amnesty invitation letters. At that time, the department determined it was in the best interest of the state and taxpayers to suspend the program until corrected letters were mailed.

Impacted taxpayers were mailed updated letters from the department during the week of November 23 – 27. The revised letters either informed taxpayers of the new amnesty amount that is due or instructed them to disregard the previous letter that they received because the referenced account reflected a zero balance due.

“The department has addressed the errors that originally occurred and we are ready to get the tax amnesty program underway. We mailed corrected letters to the taxpayers last week, and we sincerely apologize to them for this mistake and for any inconvenience that we have may have caused,” Secretary of Revenue Tim Barfield said.

During the amnesty period, individual and business taxpayers are offered a fresh start to bring their delinquent tax accounts up to date by clearing unpaid tax bills and filing overdue state tax returns.

Amnesty will be granted for eligible taxes to qualified taxpayers who apply during the amnesty period and who agree to settle their accounts with the state by paying 100 percent of delinquent taxes, 83 percent of the remaining interest and 67 percent of the remaining penalties due. Once approved, the Secretary of Revenue shall waive the remaining 17 percent interest and 33 percent penalties.

The goal for the 2015 Tax Amnesty Program is $73 million, net of administrative costs and funds retained by LDR as self-generated revenue.The 2015 Tax Amnesty Program is the third and final effort permitted by the Louisiana Tax Delinquency Amnesty Act of 2013. After the conclusion of the 2015 amnesty period, there will be no new amnesty program offered by the Department of Revenue until at least 2025.

For more information about the amnesty program, taxpayers can visit www.ldrtaxamnesty.com or call 1-866-782-9241.

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2015 Louisiana Tax Amnesty Program to run Nov. 16 – Dec. 15

BATON ROUGE – Louisiana Tax Amnesty 2015 begins on Nov. 16, 2015 and will run through Dec. 15, 2015, the Louisiana Department of Revenue (LDR) announced today. During the 30-day period, individual and business taxpayers are offered a fresh start to bring their delinquent tax accounts up to date by clearing unpaid tax bills and filing overdue state tax returns.

The 2015 Tax Amnesty Program is the third and final effort permitted by the Louisiana Tax Delinquency Amnesty Act of 2013. After the conclusion of 2015 amnesty, there will be no new amnesty program offered by the Department of Revenue before Jan. 1, 2025.

“This will be the final amnesty program offered by the state for at least 10 years. That is why it is so important for delinquent taxpayers to take advantage of this opportunity to make a fresh start with their taxes,” said Secretary of Revenue Tim Barfield. “We have made this process very simple, allowing taxpayers to make installment payments. The department is ready to assist them in clearing up their accounts.”

Amnesty will be granted for eligible taxes to qualified taxpayers who apply during the amnesty period and who agree to settle their accounts with the state by paying 100 percent of delinquent taxes, 83 percent of the remaining interest and 67 percent of the remaining penalties due.  Once approved, the Secretary of Revenue shall waive the remaining 17 percent interest and 33 percent penalties. The Louisiana Legislature has set a goal of collecting $50 million for the 2015 Tax Amnesty Program.

The amnesty program will begin at 12:01 a.m. on Nov. 16, 2015 and will end at 11:59 p.m. on Dec. 15, 2015. Beginning on Nov. 16, 2015, eligible taxpayers can apply online at www.ldrtaxamnesty.com, or call 1-866-782-9241 for more information.

Taxpayers can pay their overdue tax liabilities through electronic payments or through an established installment agreement over a six-month time period.

Taxpayers in the following categories are eligible to apply for amnesty:

  • Taxpayers who failed to file a tax return or report
  • Taxpayers who failed to report all income or all tax, interest and penalties that were due
  • Taxpayers who claimed incorrect credits or deductions
  • Taxpayers who misrepresented or omitted any tax due
  • Certain taxpayers under audit or in administrative or judicial litigation

Taxpayers involved in a criminal investigation or criminal litigation for taxes administered by LDR do not qualify for the amnesty program.

Taxpayers eligible for amnesty should expect to receive a letter before the start of the amnesty program with instructions for submitting applications and payments online. Contact information is drawn from data taxpayers have submitted to LDR with their tax filings and other communications.

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2014 Louisiana Tax Amnesty Program to deliver $142 million to the State

BATON ROUGE – The 2014 Tax Amnesty Program has processed more than 41,000 applications and settlements, which is projected to deliver more than $142 million for the Amnesty Fund, the Louisiana Department of Revenue (LDR) announced Thursday.

“I was pleased with the response that we received from taxpayers fulfilling their obligations to the state during this year’s Amnesty period,” said Secretary of Revenue Tim Barfield. “In the coming weeks, we will continue to process applications that were submitted by the deadline, and we expect some additional upside as the mail comes in.”

In total, the Department is projecting over $169 million in Amnesty collections, of which $142 million will go into the Amnesty Fund and, as provided under the Amnesty statute, $27 million will be retained by LDR to pay an estimated $4 million of expenses for administering this year’s Amnesty Program and provide $23 million of self-generated funds to replace penalties and fees waived. Of the $169 million, the Department has received $136 million in payments, is awaiting receipt of $10 million relating to settlement payments mailed prior to the deadline, and projects $23 million through installment payments to be made by May 1, 2015.

“The increase in amnesty funds is welcome news for the state budget as we work to create a plan to eliminate the shortfall created by declining oil prices,” said Commissioner of Administration Kristy Nichols. “Some of these payments may be used to reduce the impact of expenditure cuts on state agencies and taxpayers.”

Of the $169 million collected, approximately $112 million relate to resolutions of audit and litigation cases, which generally are contested matters involving businesses, and $57 million relate to delinquent tax collections which generally involve individuals and small businesses.

The 2014 Tax Amnesty Program gave eligible taxpayers the chance to bring their accounts up to date by paying all taxes due, with a waiver of all penalties and 50 percent of the interest.

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Louisiana Tax Amnesty 2014 ends today

BATON ROUGE – In the remaining available hours, the Louisiana Department of Revenue encourages individuals and businesses who have fallen behind on their taxes to take advantage of Louisiana Tax Amnesty 2014 before it expires.

“This amnesty period should be very attractive to those behind on their taxes.” Secretary of Revenue Tim Barfield said. “Not only are we waiving applicable penalties and 50 percent of accrued interest, we are also providing a payment plan option. We encourage individuals to apply before it’s too late.”

Also, for taxpayers involved in audit and litigation discussions who haven’t had a chance to resolve their disputed matters, they can take advantage of amnesty by paying the undisputed portion (“compromise amount”) of their assessments by today’s amnesty deadline. Within 30 days from the end of amnesty, the Secretary will determine if amnesty is granted for the compromise amount paid.

“Under the Secretary’s direction, the agency will consider if the compromise amount paid, reflects serious doubt as to: (1) the taxpayer’s liability for the judgment or assessment; (2) the collectability of the entire amount in dispute; or, (3) whether the administration and collection costs involved would exceed the amount of the dispute, judgment or assessment.” said, Shone Pierre, LDR General Counsel.

For delinquent taxpayers, the 2014 tax amnesty program also offers the opportunity for eligible taxpayers to pay their overdue taxes in installments over a six-month period. Installment agreements require a down payment of at least 20 percent of the amount owed, with final payment due no later than May 1, 2015.

The 30-day tax amnesty program ends at 11:59 p.m. on Friday, Nov. 14, 2014. Louisiana Tax Amnesty 2014 gives delinquent taxpayers and non-filers the opportunity to bring their accounts up to date. The Louisiana Department of Revenue will waive all applicable penalties, along with 50 percent of accrued interest, when taxpayers pay 100 percent of their tax balance and the remaining 50 percent of the interest.

Taxpayers can apply for amnesty online at www.ldrtaxamnesty.com. An application can be completed in approximately five minutes.

There are approximately 450,000 noncompliant tax accounts in Louisiana owing $1.8 billion, according to the Department of Revenue’s records.

Noncompliant taxpayers have a limited amount of time to take advantage of amnesty. For more information, visit www.ldrtaxamnesty.com or call 866-782-9241.

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Louisiana Tax Amnesty 2014 approaches final week

BATON ROUGE – Individuals and businesses who have fallen behind on their taxes have seven days remaining to take advantage of Louisiana Tax Amnesty 2014.

“With only one week left to apply, we are reminding noncompliant taxpayers to take advantage of tax amnesty,” Secretary of Revenue Tim Barfield said. “We encourage anyone who has fallen behind on their taxes to look into the amnesty program before the opportunity ends.”

The 30-day tax amnesty program, which ends at 11:59 p.m. on November 14, 2014, gives delinquent taxpayers and non-filers the opportunity to bring their accounts up to date. The Louisiana Department of Revenue will waive all applicable penalties, along with 50 percent of accrued interest, when taxpayers pay 100 percent of their tax balance.

Taxpayers can apply for amnesty online at www.ldrtaxamnesty.com. An application can be completed in approximately five minutes.

The 2014 tax amnesty program also offers the opportunity for eligible taxpayers to pay their overdue taxes in installments over a six-month period. Installment agreements require a down payment of at least 20 percent of the amount owed, with final payment due no later than May 1, 2015.

There are approximately 450,000 noncompliant tax accounts in Louisiana owing $1.8 billion, according to the Department of Revenue’s records.

Noncompliant taxpayers have a limited amount of time to take advantage of amnesty. According to Act 822 of the 2014 legislative session, after the conclusion of an amnesty period scheduled for 2015, there will be no new amnesty program administered by the Department of Revenue until at least 2025.

For more information, visit www.ldrtaxamnesty.com or call 866-782-9241.

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Louisiana Tax Amnesty 2014 begins, gives delinquent taxpayers a chance to settle up

BATON ROUGE –A one-month amnesty program is underway for individuals and businesses who have fallen behind on their taxes.

Louisiana Tax Amnesty 2014 begins today and continues through 11:59 p.m. on November 14, 2014. During the amnesty program, delinquent taxpayers and non-filers can bring their accounts up to date by paying 100 percent of taxes owed, all applicable fees and 50 percent of applied interest. The Louisiana Department of Revenue will waive the remaining half of the interest along with 100 percent of any penalties.

“This is the perfect opportunity for noncompliant taxpayers to bring their accounts up to date,” Secretary of Revenue Tim Barfield said. “If you’ve fallen behind on your obligations, this is your chance to make it right.”

Taxpayers can apply for amnesty online at www.ldrtaxamnesty.com. An application can be completed in about five minutes.

New this year is the opportunity for eligible taxpayers to pay their overdue taxes in installments over a six-month period. Installment agreements require a down payment of at least 20 percent of the amount owed, with final payment due no later than May 1, 2015.

According to LDR records, there are about 450,000 noncompliant tax accounts in Louisiana owing $1.8 billion.

Noncompliant taxpayers have a limited amount of time to take advantage of amnesty. According to Act 822 of the 2014 legislative session, after the conclusion of an amnesty period scheduled for 2015, there will be no new amnesty program administered by the Department of Revenue until at least 2025.

For more information, visit www.ldrtaxamnesty.com or call 866-782-9241.

#LATaxAmnesty

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LDR Emergency Rule – Louisiana Tax Delinquency Amnesty Act of 2014

The Louisiana Department of Revenue has issued Emergency Rule LAC 61:I:4915 – Louisiana Tax Delinquency Amnesty Act of 2014.

The rule provides guidelines for implementing and administering installment plans for the 2014 Louisiana Tax Delinquency Amnesty Program. The rule is effective October 1, 2014, and remains in effect for the maximum period allowed under the administrative act.

Click here to read the full text of LAC 61:I:4915.

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RIB 14-017: Louisiana Tax Delinquency Amnesty Act of 2014

Act 822 of the 2014 Regular Session of the Louisiana Legislature authorizes the Louisiana Department of Revenue to institute an amnesty program to collect outstanding tax liabilities except for motor fuel taxes, Prepaid 411 Sales Tax, Oil Field Restoration-Oil, Oil Field Restoration-Gas, Inspection and Supervision Fee and penalties for failure to submit information reports that are not based on an underpayment of tax.

The Department has established a Tax Amnesty Program beginning October 15, 2014 and ending November 14, 2014. Amnesty will be granted only for eligible taxes to eligible taxpayers who apply during the amnesty period and who pay the entire amount of the eligible tax due in lump sum or enter into an installment agreement. The taxpayer shall pay all of the tax due, half of the interest due and all fees and costs, if applicable, for periods designated on the amnesty application.

Taxpayers will not be allowed to use a tax credit from an eligible return as an amnesty credit nor a Financial Management Service (FMS) offset to make the down payment or an installment payment.

Taxpayers who choose an installment agreement instead of a lump sum payment must remit twenty percent of the total amount owed at the time the installment agreement is entered into.  Taxpayers who cannot enter into an agreement to make payment by way of automated electronic transactions shall not be eligible for an installment agreement with the Department. If the final installment payment is not submitted by May 1, 2015, amnesty will not be granted. Any payments made will be treated as if amnesty had not been applied for and the Taxpayer is obligated to pay the entirety of the delinquent tax, interest, penalties and fees. Any payments made will be applied to the oldest outstanding tax period as a regular payment.  The payment will be applied in the following order: tax, penalty and interest. Field Audit and Litigation are not eligible to enter into an installment agreement.

All business taxpayers are required to file returns with the application.

The Secretary reserves the right to require individual taxpayers to file tax returns with the application. If the application is approved, the Secretary shall waive the remaining half of the interest and penalties associated with the tax periods for which amnesty is applied.

Click here to read the full text of RIB 14-017.

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2014 Louisiana Tax Amnesty Program to run Oct. 15-Nov. 14

BATON ROUGE –Louisiana Tax Amnesty 2014 will be held from Oct. 15 through Nov. 14, 2014, the Louisiana Department of Revenue (LDR) recently announced. The 30-day tax amnesty program offers noncompliant taxpayers the opportunity to settle their accounts with the state by paying 100 percent of delinquent taxes, with a waiver of all penalties and 50 percent of the interest owed.

New to the amnesty program this year is the option for individual and business taxpayers to pay their overdue tax liabilities through installment payments over a six-month period of time.

Beginning at 12:01 a.m. on Oct. 15 through 11:59 p.m. on Nov. 14, eligible taxpayers can apply online at www.ldrtaxamnesty.com. Or for more information, they can call 866-782-9241.

“Delinquent taxpayers have more options than ever to satisfy their obligations,” Secretary of Revenue Tim Barfield said. “Hopefully, this will encourage everybody who has fallen behind to take this opportunity to make a fresh start.”

The Louisiana State Legislature has set a goal of collecting $100 million for the 2014 Tax Amnesty program.

Taxpayers identified as noncompliant in LDR’s records should expect to receive a letter and/or a recorded telephone message before the start of the amnesty program with instructions for submitting applications and payments online. Contact information is drawn from data taxpayers have submitted to LDR with their tax filings and other communications.

Delinquent taxpayers have a limited amount of time to take advantage of amnesty. According to Act 822 of the 2014 legislative session, after the conclusion of the amnesty period in 2015, there shall be no new amnesty program implemented by the Department of Revenue before Jan. 1, 2025.

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