Oklahoma Offering Full Waiver of Penalties and Interest Under Temporary Voluntary Disclosure Program

Friday, August 4th, 2017


Oklahoma has enacted a new regulation in order to encourage the voluntary disclosure of unpaid taxes. The program waives penalties and interest for taxpayers who (1) voluntarily file delinquent tax returns or reports and (2) pay delinquent taxes in full or through a payment plan. Eligible taxpayers can file returns or reports without penalty or interest from September 1, 2017 to November 30, 2017.

Eligible program participants must not have (1) any other outstanding tax liabilities, (2) been contacted about potential or actual filing and payment obligations by the state or a third party acting on behalf of the state, (3) collected taxes from others and not reported those taxes (a modified program is available for taxpayers not meeting this requirement), and (4) entered into a voluntary disclosure agreement for the type of tax owed in the past three years.

Eligible taxes include mixed beverage, gasoline and diesel, gross production and petroleum excise, sales, use, income, and withholding. Taxpayers in bankruptcy are not generally eligible for the program.

https://www.ttrus.com/Chapter 1

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.

Data Survey Services Not Taxable in South Carolina

Monday, June 24th, 2019 -The South Carolina Department of Revenue recently ruled that business data survey services were non-taxable pr...

Senior Center Cafeterias are Taxable in Missouri

Friday, June 21st, 2019 -Missouri's Director of Revenue recently issued a letter ruling taxing the sale of cafeteria food by a 501(c)(3...

Hot-Air Balloon Rides in Missouri are Taxable When...

Wednesday, June 19th, 2019 -Missouri recently released a letter ruling addressing the taxation of hot-air balloon rides. The taxpayer was ...

Nevada Exempts Certain Medical Equipment

Monday, June 17th, 2019 -Effective July 1, 2019, Nevada will exempt durable medical equipment, oxygen delivery equipment, and mobility ...

Participatory Sports are Taxable in New York

Friday, June 14th, 2019 -The New York Division of Tax Appeals recently denied a refund claim made by an instructor-led indoor spin clas...

Marketplace Facilitators to Collect Tax in Vermont

Thursday, June 13th, 2019 -Vermont recently passed a bill requiring marketplace facilitators to collect and remit sales tax on retail sal...