State of Michigan (the “State”) taxpayers who have failed to file a State tax return or to pay a tax due to the State for tax return periods ending on or before December 31, 2009, may be eligible to take advantage of the State’s new tax amnesty program, which is scheduled to begin on May 15, 2011, and end on June 30, 2011.
On October 5, 2010, the State Governor signed this tax amnesty program (the “Program) into law. The Program allows individual and business State taxpayer participants (collectively, “Taxpayers”) to resolve eligible unpaid State tax debt for tax return periods (i.e., quarterly, annual and/or monthly) which ended on or before December 31, 2009, at a significantly discounted rate by waiving all outstanding civil penalties currently due and owing, in exchange for full payment of the tax and interest due for the particular tax return period, and eliminating the potential for future criminal prosecution. In contrast to many tax amnesty programs, there is no Taxpayer penalty for failure to participate in the Program.
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