Texas Companies Get Break to Clear Up Tax Records

[TexasTowelie]

Texas has scheduled a limited amnesty period to help businesses pay some tax bills without penalty.

Comptroller Susan Combs on Thursday announced the Fresh Start amnesty period will run June 12 through Aug. 17.

Businesses can use the time to set their records straight, without penalty and interest, on tax reports they failed to file. The amnesty covers taxes and fees originally due before April 1, 2012.

Amnesty does not apply to taxes that were reported but not paid or filing periods that businesses have in audit.

http://www.nbcdfw.com/news/business/Texas-Companies-Get-Break-to-Clear-Up-Tax-Records-142870925.html

[font color=green]But people are really people! We want amnesty too!

Another Republican scheme similar to repatriating offshore holdings with favorable tax consequences. At both a state and national level, Republicans tell their buddies to withhold tax payments so that budget cuts are necessary. Then they pass an amnesty period so that they don't run afoul of the law. [/font]

[sonias]

1. Yeah nice how corporations get all the breaks

People really should be able to incorporate themselves to get equal treatment.

[white cloud]

2. Middle class get shafted again by corps