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Almost 10,000 Michigan residents have asked for tax amnesty

Nearly 10,000 Michigan residents have asked for a tax amnesty deal with the state of Michigan. MLive.com reports that “roughly 9,200″ people have submitted applications for the amnesty, which ends Thursday. Under the program, designed to recoup money for the state’s flagging budget, people who pay the entire back tax amount as well as any interest due on the back taxes, will have the penalties of their late filings waived

Jul 31, 2020
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Nearly 10,000 Michigan residents have asked for a tax amnesty deal with the state of Michigan.
MLive.com reportsthat “roughly 9,200″ people have submitted applications for the amnesty, which ends Thursday. Under the program, designed to recoup money for the state’s flagging budget, people who pay the entire back tax amount as well as any interest due on the back taxes, will have the penalties of their late filings waived.
Officials hoped the amnesty would raise $88 million for the budget.
The amnesty program covers most state taxes prior to the 2010 filing year, including income tax, the sales tax, the Michigan Business Tax and tobacco taxes.
Applications for the amnesty must be post marked Thursday to qualify — and then taxpayers will have to pay off the entire back tax bill and interest to qualify.
Camilo Wood

Camilo Wood

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Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing. Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers. Camilo's experience includes working in roles related to financial reporting, analysis, and commentary, allowing him to provide readers with accurate and trustworthy information. His dedication to journalistic integrity and commitment to delivering high-quality content make him a trusted voice in the fields of finance and journalism.
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