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Tax cheats get a break

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High Five
Friday, September 25, 2009

For residents and businesses who fail to report nearly $1 billion a year in owed taxes, Oregon is offering its first-ever amnesty program in an effort to bring in revenue.

Created by the Legislature, it’s a 50-day window when taxpayers with past-due returns or whose past returns need to be amended can apply for amnesty from all penalties and half the interest they otherwise would owe.

The Oregon Legislature created the one-time-only tax amnesty program with the hope it would bring in at least $16 million in revenue that otherwise would evade the tax collectors’ reach.

Read the full story at The Register-Guard.

{biztweet}Oregon tax amnesty{/biztweet}

 
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