{"id":13861,"date":"2024-11-13T18:08:08","date_gmt":"2024-11-13T18:08:08","guid":{"rendered":"https:\/\/taxops.com\/?p=13861"},"modified":"2024-11-13T18:08:10","modified_gmt":"2024-11-13T18:08:10","slug":"amnesty-vs-vda-it-depends","status":"publish","type":"post","link":"https:\/\/taxops.com\/amnesty-vs-vda-it-depends\/","title":{"rendered":"Amnesty vs. VDA: It Depends"},"content":{"rendered":"\n<div style=\"height:41px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"https:\/\/taxops.com\/wp-content\/uploads\/2024\/11\/Amnesty-vs.-VDA-1024x576.png\" alt=\"\" class=\"wp-image-13873 lazyload\" data-srcset=\"https:\/\/taxops.com\/wp-content\/uploads\/2024\/11\/Amnesty-vs.-VDA-980x551.png 980w, https:\/\/taxops.com\/wp-content\/uploads\/2024\/11\/Amnesty-vs.-VDA-480x270.png 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1024px, 100vw\" \/><noscript><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/taxops.com\/wp-content\/uploads\/2024\/11\/Amnesty-vs.-VDA-1024x576.png\" alt=\"\" class=\"wp-image-13873 lazyload\" srcset=\"https:\/\/taxops.com\/wp-content\/uploads\/2024\/11\/Amnesty-vs.-VDA-980x551.png 980w, https:\/\/taxops.com\/wp-content\/uploads\/2024\/11\/Amnesty-vs.-VDA-480x270.png 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1024px, 100vw\" \/><\/noscript><\/figure>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><em>Tax amnesty programs offer a unique chance for taxpayers to settle outstanding liabilities with reduced penalties and interest but not all programs are created equally. <\/em><\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">Tax amnesty programs are special opportunities offered by governments to encourage taxpayers to settle their outstanding tax liabilities.&nbsp;In exchange for voluntarily coming forward to clear past tax obligations, taxpayers typically receive penalty and interest reductions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Taxpayers who meet eligibility criteria for specific amnesty programs at the federal and state levels have a limited window of availability in which they can pay back taxes and benefit from reduced penalties and interest. For example, Massachusetts launched a tax amnesty program on Nov 1, 2024. This program runs through Dec 30, 2024, and allows eligible taxpayers to request a waiver of penalties on outstanding taxes and interest paid during the amnesty period. Contact the state at <a href=\"mailto:contact@salestaxandmore.com\">contact@salestaxandmore.com<\/a> or work with your TaxOps advisor to start the process by obtaining an eligibility letter.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Taxpayers with eligible existing tax liabilities submit an Amnesty Request, with personal information, the Letter ID, and a valid payment method (e.g., bank account information, credit card).<\/li>\n\n\n\n<li>Taxpayers filing a new return to report a tax due must complete their return to calculate amount due before completing an Amnesty Request using the information from the return.<\/li>\n\n\n\n<li>Taxpayers filing an amended return to report an increase in tax must complete their amended return to calculate amount due. Once completed, the taxpayer will need to sign on to their MassTaxConnect account to complete an Amnesty Request using the information from the amended return.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">In general, a Voluntary Disclosure Agreement (VDA) is better than amnesty due to its limited look back period. However, this amnesty has one as well making it a great option for those eligible.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Got questions about which is better for your business tax situation? Reach out to your <a href=\"https:\/\/taxops.com\/contact\/\" target=\"_blank\" rel=\"noopener\" title=\"TaxOps Advisor\">TaxOps Advisor<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Massachusetts Amnesty FAQs: <a href=\"https:\/\/linkprotect.cudasvc.com\/url?a=https%3a%2f%2fsender6.zohoinsights-crm.com%2fck1%2f2d6f.327230a%2f2eb95f90-914b-11ef-a3c3-525400d6cd4f%2f3c914551712efb1cb760d3f854a02ce84d03d76a%2f2%3fe%3d2YUZGHbf2II3QVnzuLp0cIkF%252FcFWt8dwr6x9q%252FtOjytzdR7OxJiJhkfHvQNv1FKR5FQbAAqYvh%252FvOwhLkb%252Fbxg%253D%253D&amp;c=E,1,H_Ou47NnL381R4zngj0DixwHvhmyECpOurUnrX4BcPtqDZ-T2JU2qC4lKyLrikCcKl8-gNZHh4oaWCpv6-bTgu8DHr3Q_s1IyBVrtwQZF-oXC7on&amp;typo=1\">here<\/a>.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-fe48e5de wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/taxops.com\/contact\/\">Talk to a Business Tax Advocate<\/a><\/div>\n<\/div>\n\n\n\n<div style=\"height:53px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">Read more<\/h2>\n\n\n<ul class=\"wp-block-latest-posts__list wp-block-latest-posts\"><li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/taxops.com\/auditor-independence-in-the-age-of-private-equity\/\">Auditor Independence in the Age of Private Equity: What CFOs Need to Know<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/taxops.com\/r-d-credits-for-software-companies\/\">R&amp;D Credits for Software Companies: Scrum Teams, Qualifiers, and Section 174 After OBBBA<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/taxops.com\/section-174-decoupling-what-tax-pros-need-to-know-state-by-state\/\">Section 174 Decoupling: What Tax Pros Need To Know State By State<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/taxops.com\/sean-espy-new-partner\/\">TaxOps Welcomes Sean Espy as Partner, Tax Minimization<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/taxops.com\/state-nexus-demystified-navigating-tax-compliance-after-wayfair-episode-1-2\/\">Your Tax Footprint Is Probably Bigger Than You Think: What Finance Leaders Need to Know About State Nexus<\/a><\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>Tax amnesty programs offer a unique chance for taxpayers to settle outstanding liabilities with reduced penalties and interest but not all programs are created equally. Tax amnesty programs are special opportunities offered by governments to encourage taxpayers to settle their outstanding tax liabilities.&nbsp;In exchange for voluntarily coming forward to clear past tax obligations, taxpayers typically [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":13873,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"<!-- wp:spacer {\"height\":\"41px\"} -->\n<div style=\"height:41px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<!-- \/wp:spacer -->\n\n<!-- wp:image {\"id\":13755,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"https:\/\/taxops.com\/wp-content\/uploads\/2024\/10\/Ohios-New-online-tax-service-1024x576.png\" alt=\"\" class=\"wp-image-13755\"\/><\/figure>\n<!-- \/wp:image -->\n\n<!-- wp:quote -->\n<blockquote class=\"wp-block-quote\"><!-- wp:paragraph -->\n<p><em>Ohio Department of Taxation (ODT) launched the OH|TAX eServices platform for managing personal income and school district taxes<\/em>.<\/p>\n<!-- \/wp:paragraph --><\/blockquote>\n<!-- \/wp:quote -->\n\n<!-- wp:paragraph -->\n<p>A year ago, the Ohio Department of Taxation (ODT) launched the OH|TAX eServices platform for the management of personal income and school district taxes. This seamless application allows users to file returns, make payments, request forms, check their refund status, and much more, all in one user-friendly portal.&nbsp;<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The next phase of OH|TAX eServices is underway and will allow taxpayers to file even more returns, such as: sales and use tax, employer and school district withholding tax, adult use cannabis tax, public utility personal property tax, public utility excise tax, and natural gas excise tax. This new part of the portal is set to go live in December 2024.&nbsp;<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>OH|TAX eServices Offers<\/strong><\/h3>\n<!-- \/wp:heading -->\n\n<!-- wp:list -->\n<ul class=\"wp-block-list\"><!-- wp:list-item -->\n<li>Complete\/secure identity verification<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Online filing and payment of taxes<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Refund direct deposit for select tax types<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Update name and address information<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Access filing and payment history<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Electronic delivery and viewing of tax notices<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Respond to notices online<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Web messaging with tax agents<\/li>\n<!-- \/wp:list-item --><\/ul>\n<!-- \/wp:list -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\"><strong>What can you do now to prepare?<\/strong><\/h3>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>All transactions that are In Progress or Ready for Checkout will be discarded if not completed by 11\/29\/2024.&nbsp;&nbsp;Real-time screen sharing assistance with ODT&nbsp;<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:list -->\n<ul class=\"wp-block-list\"><!-- wp:list-item -->\n<li>Establish an OHID using the link below if you do not have one already <!-- wp:list -->\n<ul class=\"wp-block-list\"><!-- wp:list-item -->\n<li><a href=\"https:\/\/links-1.govdelivery.com\/CL0\/https:%2F%2Fgcc02.safelinks.protection.outlook.com%2F%3Furl=https%253A%252F%252Fohid.ohio.gov%252Fwps%252Fportal%252Fgov%252Fohid%252Fhelp-center%252Fhelp-logging-in%26data=05%257C02%257CAnne.Harkin%2540tax.ohio.gov%257C489137e0fbd54154e1fe08dccde3d0b1%257C50f8fcc494d84f0784eb36ed57c7c8a2%257C0%257C0%257C638611625563882061%257CUnknown%257CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%253D%257C0%257C%257C%257C%26sdata=aNNEWXLNf8lM7rCEuRa%252FRLxzUGZQVavlFVbVXPff7%252FY%253D%26reserved=0\/1\/01000191e227e535-92b91178-7cd1-4d6e-9624-567f7a941039-000000\/cxOemhHP3dVAYWQu4W-w4QC3JyGB3isLocJO2HSf280=370\" target=\"_blank\" rel=\"noreferrer noopener\">Getting Started with OHID | OHID | Ohio's State Digital Identity Standard<\/a><\/li>\n<!-- \/wp:list-item --><\/ul>\n<!-- \/wp:list --><\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Set up Multi Factor Authentication (MFA) <!-- wp:list -->\n<ul class=\"wp-block-list\"><!-- wp:list-item -->\n<li><a href=\"https:\/\/links-1.govdelivery.com\/CL0\/https:%2F%2Fgcc02.safelinks.protection.outlook.com%2F%3Furl=https%253A%252F%252Fdam.assets.ohio.gov%252Fimage%252Fupload%252Fgateway.ohio.gov%252F2-Step%252520Verification%252FIOP_Portal_2-Step_Verification_Job_aid_V.1.pdf%26data=05%257C02%257CAnne.Harkin%2540tax.ohio.gov%257C489137e0fbd54154e1fe08dccde3d0b1%257C50f8fcc494d84f0784eb36ed57c7c8a2%257C0%257C0%257C638611625563893357%257CUnknown%257CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%253D%257C0%257C%257C%257C%26sdata=SbdJVnsFhmVnYn4lOeOII4syywezuNSFaD%252Bo%252FEh2Bzg%253D%26reserved=0\/1\/01000191e227e535-92b91178-7cd1-4d6e-9624-567f7a941039-000000\/nv-8WoBj87rBXKvEozNugfFj6ZmDhS5eFAnB7tYtm3Q=370\" target=\"_blank\" rel=\"noreferrer noopener\">Provider Network Management (PNM) and OH|ID (ohio.gov)<\/a><\/li>\n<!-- \/wp:list-item --><\/ul>\n<!-- \/wp:list --><\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Current Ohio Business Gateway (OGB) users<!-- wp:list -->\n<ul class=\"wp-block-list\"><!-- wp:list-item -->\n<li>Review and update all access to their account, including the user roles.&nbsp; OH|TAX eServices will grant access based on OBG permissions which will include enhanced features for Filing Administrators.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>All transactions that are In Progress or Ready for Checkout will be discarded if not completed by 11\/29\/2024.&nbsp;&nbsp;<\/li>\n<!-- \/wp:list-item --><\/ul>\n<!-- \/wp:list --><\/li>\n<!-- \/wp:list-item --><\/ul>\n<!-- \/wp:list -->\n\n<!-- wp:buttons -->\n<div class=\"wp-block-buttons\"><!-- wp:button {\"textAlign\":\"center\"} -->\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-text-align-center wp-element-button\" href=\"https:\/\/tax.ohio.gov\/about\/OHTAX\/ohtax%20eservices\">Learn More<\/a><\/div>\n<!-- \/wp:button --><\/div>\n<!-- \/wp:buttons -->\n\n<!-- wp:spacer {\"height\":\"53px\"} -->\n<div style=\"height:53px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<!-- \/wp:spacer -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n<!-- \/wp:separator -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Read more<\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:latest-posts \/-->","_et_gb_content_width":"","spt_transcript":"","footnotes":""},"categories":[229,226],"tags":[252,1145,284,12,1144,1158,126,26,265,1135,492,1134,18,19,316,1136,30,810,101,799,605,262,79,267,620,80,712,1138,1137,74],"class_list":["post-13861","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-state-and-local","category-tax-news","tag-accountant","tag-advocate","tag-cfo","tag-colorado","tag-colorado-society-of-cpa","tag-continuous-education","tag-cpa","tag-cpe","tag-finance-professional","tag-iaas","tag-leadership","tag-saas","tag-sales-and-use-tax","tag-sales-tax","tag-salt","tag-software-providers","tag-state-and-local-tax","tag-state-income-tax","tag-state-tax","tag-tax-advisor","tag-tax-automation","tag-tax-planning","tag-tax-preparer","tag-tax-professional","tag-tax-professionals","tag-tax-provider","tag-tax-school","tag-tax-tools","tag-tax-vendors","tag-taxops"],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/taxops.com\/wp-content\/uploads\/2024\/11\/Amnesty-vs.-VDA.png","_links":{"self":[{"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/posts\/13861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/comments?post=13861"}],"version-history":[{"count":6,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/posts\/13861\/revisions"}],"predecessor-version":[{"id":13876,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/posts\/13861\/revisions\/13876"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/media\/13873"}],"wp:attachment":[{"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/media?parent=13861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/categories?post=13861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/tags?post=13861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}