Arizona Tax Amnesty

The Arizona Tax Amnesty program is in effect from May 1, 2009 through June 1, 2009.  It applies to taxes for any tax year starting on or before January 1, 2002 but ending before January 1, 2008.  Overdue tax paid in full during the amnesty period will be calculated at 3% and the civil penalties will be waived.

According to a bulletin published by GrantThornton (http://www.grantthornton.com/staticfiles/GTCom/files/services/Tax services/SALT Alerts/GrantThornton_SALTAlert_04-07-09_AZ.pdf):

The following taxpayers are eligible to apply for amnesty: (1) those who failed to file a tax return; (2) taxpayers who failed to report all income or all tax and associated interest and penalties that were due; (3) taxpayers who claimed incorrect credits or deductions; (4) taxpayers who misrepresented or omitted any tax due; (5) non-residents or part-year residents who received income that may be taxable in Arizona; (6) out-of-state and multistate businesses; and (7) taxpayers who are under audit and that audit has not become final.