Washington Penalty Reduction Program

Monday, May 21st, 2018

 
 
Washington State Capitol Building.
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Washington
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Businesses that apply to register with Washington's Marketplace Fairness Penalty Reduction Program by June 30, 2018, may receive reduced penalties and other benefits.

The purpose of the program is to encourage unregistered businesses to comply with Washington's tax laws and to voluntarily register and pay prior tax obligations.

Benefits of the program include a limited tax liability look back period of four years plus the current year, and potentially up to 39% in waived penalties. Tax liabilities discovered through the Department of Revenue's normal investigation, examination, or audit procedures are subject to a seven year look back period and may be liable for tax, interest, and penalties of 39% of the tax due.

https://www.ttrus.com/Washington_Penalty_Reduction_Program


About TTR

Transaction (buying or selling things), Tax (the tax on this activity), Resources (our people, our website, our support services) - TTR, Inc.

TTR has a website that companies subscribe to and use daily. This website provides a list of everything that can be bought or sold in the U.S. It provides simple answers to whether buying or selling these items is taxable (subject to a sales tax or other tax), and it provides all the legal authority to support these tax answers.

TTR likes to keep things simple and fun, which is why it has great people who provide help to clients on any support questions they have about transaction tax issues.

Please visit TTR on the web at www.ttrus.com or call 866.578.8193.

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