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

Friday, August 4th, 2017

 
 
Share
Link
Oklahoma
General

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.

Sales Tax Does Not Apply to Carryout Bag Fees in New York

Wednesday, October 24th, 2018 -The New York State Department of Taxation and Finance recently released a ruling determining that sales tax do...

Texas Releases Detailed Guidance on Exempt Organizations

Thursday, October 18th, 2018 -The Texas Comptroller has released a publication that provides detailed information on how sales and use tax a...

Telephone Answering Services Taxable in Arkansas

Tuesday, October 16th, 2018 -The Arkansas Department of Finance and Administration recently ruled that the service of answering calls on be...

Washington Provides Guidance on Lodging Tax for Online...

Friday, October 12th, 2018 -The Washington Department of Revenue released updated guidance that provides tax reporting information for bed...

Economic Nexus in West Virginia

Wednesday, October 10th, 2018 -The West Virginia State Tax Department announced that it will require remote sellers to begin collecting sales...

Idaho Provides Guidance on the Exemption for Medical...

Monday, October 8th, 2018 -The Idaho State Tax Commission recently released guidance that explains Idaho's sales and use tax laws for buy...