Attention Nanny Employers! Virginia Tax Amnesty Program
Get Square Virginia, the Virginia tax amnesty program, will run October 7, 2009 through December 5, 2009.
The program DOES apply to employer income tax withholding. It DOES NOT apply to delinquent unemployment taxes.
Virginia will waive all penalties and half of the assessed interest if they receive the complete past due tax amount and one half of the assessed interest no later than December 5, 2009.
There is a stick along with this carrot. At the conclusion of Amnesty, any tax liability that was eligible for amnesty benefits, but remains unpaid, will be subject to a 20 percent post-amnesty penalty. The penalty applies to unpaid taxes only, not to outstanding balances of penalties or interest. The 20 percent amnesty penalty will be in addition to all other penalties.
More information is available online at www.GetSquareVA.com.
The program DOES apply to employer income tax withholding. It DOES NOT apply to delinquent unemployment taxes.
Virginia will waive all penalties and half of the assessed interest if they receive the complete past due tax amount and one half of the assessed interest no later than December 5, 2009.
There is a stick along with this carrot. At the conclusion of Amnesty, any tax liability that was eligible for amnesty benefits, but remains unpaid, will be subject to a 20 percent post-amnesty penalty. The penalty applies to unpaid taxes only, not to outstanding balances of penalties or interest. The 20 percent amnesty penalty will be in addition to all other penalties.
More information is available online at www.GetSquareVA.com.
posted by Kathleen Webb at
6:00 AM
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