http://www.carnahanlaw.com/rss/rss.xml tax and other legal items en-us Copyright 1997-2010, Frank C. Carnahan, all rights reserved Sun, 28 Nov 2004 13:00:00 GMT Mon, 24 Dec 2011 13:00:00 GMT fc@carnahanlaw.com (Frank C. Carnahan) http://www.carnahanlaw.com/rss/news.html http://www.carnahanlaw.com/img/fcctitle.gif http://www.carnahanlaw.com/rss/rss.xml Frank C. Carnahan, attorney at law Wed, 16 Dec 2012 13:00:00 GMT The Missouri House of Representatives approved H.B. 1639, on May 3, 2012, reducing taxes on corporate and pass-through entity income, providing amnesty from assessment or payment of penalties, additions to tax, and interest with respect to taxes administered by the Department of Revenue, and providing new sales and use tax exemptions. http://carnahanlaw.com/rss/MOHouse1639.html Thu, 22 Sep 2011 13:00:00 GMT The Missouri House of Representatives approved a bill providing amnesty from assessment or payment of all penalties, additions to tax, and interest on delinquencies with respect to unpaid Missouri income taxes and sales and use taxes due on or before December 31, 2010. A taxpayer must apply for amnesty, file a tax return for each tax period for which amnesty is requested, pay the unpaid taxes in full from January 1, 2012, to February 29, 2012, and agree to comply with state tax laws for the next eight years from the date of the amnesty agreement. The amnesty would apply regardless of whether the taxes were previously assessed, EXCEPT for penalties, additions to tax, and interest paid before January 1, 2012. The amnesty would not extend to any taxpayer who at the time of payment is a party to any criminal investigation or to any civil or criminal litigation pending in any U.S. or Missouri court for nonpayment, delinquency, or fraud relating to any tax imposed by the state.If a taxpayer fails to comply with the state tax laws at any time during 8 years following the date of the agreement, all penalties, additions to tax, and interest that were waived under the agreement would become due and owing immediately. A taxpayer's elects to participate in the amnesty program is an express and absolute relinquishment of all administrative and judicial rights of appeal. No tax payment received under the amnesty program would be eligible for refund or credit. H.B. 2a, as passed by the Missouri House of Representatives, First Extraordinary Session, on September 9, 2011. http://www.carnahanlaw.com/rss/news.html#