When you think about tax debt, owing the Internal Revenue Service is the first thing that comes to mind. But if you owe federal, there’s a very good chance you may owe the state as well. If you lived or worked in Kansas and owe the Kansas Department of Revenue, you will find they aren’t very forgiving when it comes to interest and penalties. In fact, their rates are higher than the IRS. That’s what makes the Kansas Department of Revenue Tax Amnesty Program such a benefit.
The 2015 Tax Amnesty Program runs from September 1st through October 15th and allows individuals the opportunity to come forward and pay the Kansas Department of Revenue any back taxes without having to pay the penalties and interest. Eligible parties include individuals and corporations that owe delinquent taxes in which an audit or investigation has not previously been started. The taxes must be paid in full during the amnesty period, whether they are paid all at once, or with a payment plan.
To request amnesty from the Kansas Department of Revenue, there is an application process and you must pay all of the tax you owe at that time, or pay a 10% down payment and then pay the remainder with a payment plan by October 15, 2015. This program could save taxpayers a huge amount of money. Depending on how old the debt is, the Kansas Department of Revenue charges as much as 25% interest and 40% in penalties. If you’re contemplating paying off some debt soon, this is a great opportunity to save some money and also get compliant with the Kansas Department of Revenue.