State Amnesty Programs
Many states offer Amnesty Programs to help taxpayers get back into compliance. These programs are designed to encourage voluntary disclosure of past tax liabilities by offering relief from penalties, interest and, in some cases, even a portion of the debt itself.
In exchange for these relief benefits, taxpayers are required to come forward and disclose previous tax liabilities. This process is typically limited by the state’s statute of limitations, which is often three to four years.
State Amnesty Programs can be a valuable opportunity to resolve past-due taxes on more favorable terms… but the rules vary from state to state, and the details matter.
Missing a requirement or misunderstanding the terms could mean losing the benefits the program offers.
At Golden Lion Tax Solutions, we can guide you through your state’s specific process, ensure you meet all requirements, and help you secure the maximum relief available.
If you want a tax debt resolution firm that will keep your best interests in mind as we battle on your behalf to address your IRS or state tax debts, reach out to the team at Golden Lion Tax Solutions.
There is ALWAYS a solution, and we are the experts at getting it done.