Highlights of Connecticut Amnesty Program for 2009:

- Connecticut has established a state tax amnesty program effective May 1, 2009 through June 25, 2009, for persons that owe any tax imposed by any Connecticut law and required to be paid to the Department of Revenue Services for any affected taxable period.

- At this point, the Commissioner has been directed to prepare the amnesty application. Connecticut’s Voluntary Disclosure Program remains in effect. In many instances, Voluntary Disclosure will be the preferable option.

- The program is for individuals, corporations, or other taxpayers who owe any Connecticut state taxes other than motor carrier road taxes.

- The amnesty covers any taxable period ending on or before November 30, 2008 for which no return was filed, or for which a return that underreported taxes was filed and the return has not been examined by DRS.

- The state tax amnesty program eliminates civil penalties and provides for a 25% interest reduction for a taxpayer that files an amnesty application. Interest will be computed at a 9% annual rate. In addition, the Commissioner will not seek criminal prosecution for those taxpayers that file an amnesty application.

For additional information:
http://www.ct.gov/drs/cwp/view.asp?Q=430130&A=1436