written by Jennifer Cochran

On April 27, Missouri enacted legislation authorizing the Missouri Department of Revenue to administer a tax amnesty program from September 1 to November 30, 2015. The amnesty program applies to corporate and personal income taxes, sales and use taxes, and corporate franchise tax. If the taxpayer complies with the amnesty program requirements, the Department of Revenue will waive all penalties and interest for tax liabilities due or due but unpaid on or before December 31, 2014.

Amnesty will only be granted to taxpayers who have applied for amnesty within the amnesty period, who have filed a tax return for each taxable period for which amnesty is requested, who have paid the entire balance by November 30, 2015, and who agree to comply with state tax laws for the next eight years from the date of the agreement. Taxpayers who are not compliant for the subsequent 8 years will owe all interest and penalties charges that were waived under the amnesty program. If a taxpayer is granted amnesty for a particular tax, they will not be able to participate in future amnesty programs. No payment made under the amnesty program will be eligible for a future refund or credit.

The Missouri Department of Revenue mailed an Amnesty Eligibility Notice beginning the last week of August to known individuals and businesses that qualified for tax amnesty. You can return your Amnesty Eligibility Notice with full payment after September 1, 2015. If you believe you qualify for amnesty, but didn’t receive a notice go to http://dor.mo.gov and fill out the Missouri Tax Amnesty Application (form 5607). This application must be postmarked by November 30, 2015.

If you have any further questions about the Tax Amnesty Program please contact us 417-881-0145.