State & Local Tax Newsletters
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Every month, the State & Local Tax -- or "SALT" -- team at Tronconi Segarra & Associates publishes an electronic newsletter that focuses on timely state, local and sales & use tax information from all 50 states that could have an impact on your business. Currently, many states are increasing efforts to identify companies that are not paying or underpaying taxes that the states believe are due to them. Through the monthly electronic newsletter, our SALT team members will help you stay up-to-date with ever-changing compliance issues, the variety of compliance solutions that are available, and which solutions are most viable depending on your company's circumstances.
If you would like to subscribe to the Tronconi Segarra & Associates monthly State & Local Tax electronic newsletter, please send an email to Info@tsacpa.com and provide your email address so that you can be added to our mailing list.
To read the recent issues of the SALT newsletters, please click on the links below.
| State | Amnesty Period | Benefits |
| District of Columbia | TBD | TBD |
| Massachusetts | Sometime before Jun. 30, 2010 | Penalties waived |
| Pennsylvania | Apr. 26 to Jun. 18, 2010 | 50% of Interest & Penalties waived |
| City of Philadelphia | 45 days from May to Jun. 2010 | 50% of Interest & Penalties waived |
| Wisconsin¹ | ends Sept. 30, 2010 | Sales Tax, Interest & Penalties waived |
¹ Streamlined Sales Tax amnesty program does notinclude use tax due on purchases or any other taxes.
Note: New York State has established a Penalty and Interest Discount (PAID) program to encourage eligible taxpayers to pay off qualifying tax liabilities that are at least three years old. The program began on January 15, 2010 and runs through March 15, 2010. Depending on when the assessment or final determination was issued, eligible taxpayers will only have to pay the tax due plus 20% of the accrued interest and penalties if an assessment was issued on or before December 31, 2003; or, 50% of the accrued interest and penalties if an assessment was issued after December 31, 2003. The Department of Taxation and Finance was to have sent written notices to eligible taxpayers starting in early January 2010. If you believe you are eligible for this program and did not receive a notice from the State, participation instructions should be available on the State’s website. Please note that the PAID program differs from a typical amnesty program as eligibility is limited to only those taxpayers with outstanding tax liabilities that are at least three years old. All other taxpayers with unknown liabilities should consider using the State’s Voluntary Disclosure program to remit their outstanding tax due.