Just in Time: Texas Comptroller Released FAQs About Amnesty Program

This past week, the Texas Comptroller released FAQs about the Texas Tax Amnesty Program.

In 2017, the Texas Legislature’s general appropriations act directed the Comptroller to create a program “to encourage a voluntary reporting by delinquent taxpayers,” including those who failed to obtain a permit or register for taxes and those who may have underreported taxes. In December 2017, the Texas Comptroller announced that the program would run from May 1 to June 29, 2018; would apply to periods before January 2018; and that previously reported liabilities, accounts under audit or collection, and certain enumerated taxes wouldn’t be eligible for the program.

The FAQs provide further guidance and detail. One downside with the amnesty program, however, is that payment plans aren’t available, so taxpayers must be able to pay the tax liability in full when they make a disclosure under the amnesty program.

Check out the FAQs for more details and feel free to call us if you have any questions or need assistance.