Indiana tries amnesty

Note: Try linking through title. If that does not work, there is a link available through www.tscpa.com. In any case, you will need Adobe Reader.

The state of Indiana (my native state and location of previous job) announced a tax amnesty plan from September 15 to November 15. Past-due taxes may be paid without penalties, collection fees or prosecution during that time period. Subsequent to that period, listing delinquent taxpayers risk substantial penalties.

I am sure that Indiana and other states, even though not directly affected by Katrina, are nervous about the potential of economic slowdown and subsequent decrease in tax revenue. Hopefully, Indiana will remember that tax amnesty is best done about every 50-100 years.