February 03, 2011
Washington businesses that are behind on their taxes are in luck. The state is offering a first-ever temporary tax amnesty, allowing the estimated 50,000 businesses that owe back taxes to pay off the balance but forget about any late fees or penalties. The department of revenue says the amount of unpaid business taxes is running up around $184 million. So the amnesty would bring in some of those outstanding dollars while offering a bit of relief to businesses in a tough economic year. Mike Gowrylow is a spokesman for the Department of Revenue. He told Isaac Kaplan-Woolner the one time tax amnesty program was enacted by the legislature to generate revenue for the cash strapped state. To take advantage of the amnesty program, businesses must submit an application by April 18, and taxes due must be paid in full by April 30, 2011. Businesses can find complete program details and the program application at www.paymytax.org.