If you’ve been neglecting your responsibilities as a business owner in Tacoma, now would be a good time to get right with the law.
The City of Tacoma has announced a tax amnesty program aimed at both registered and unregistered businesses in the city.
Businesses with an unpaid tax liability will have from June 1 to June 30 to apply for a one-time program that waives penalties and interest on local business tax and license fees that were due April 1 or before.
Among the possible liabilities:
• Business and Occupation (B&O) taxes.
• Private utility taxes (phone, cell, cable, solid waste, natural gas, electricity).
• Admission taxes.
• Gambling taxes.
• Annual business license fees.
• Regulatory license fees.
• Unreported liabilities (excluding those that are a part of a bankruptcy where payment would violate federal bankruptcy laws).
The program also waives 50 percent of civil penalties, excluding those that have been sent to the city’s collection agency.
The payment deadline is July 31.
For unregistered businesses, the “look-back” period is limited to four years in addition to the current year. By June 30, such businesses must submit a completed application for registration as a business. By July 31, they must pay all unreported tax and license fees due for 2011 through 2015, plus 50 percent of any civil penalties due.
Registered businesses must, by July 31, pay all tax and license fees due, as well as 50 percent of any civil penalties due. They must also pay all tax returns on time during the amnesty period, including returns due on May 31, June 30 and July 31.