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Oklahoma Tax Commission Offers Chance to Deal Now or Double the Penalty Later


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© Business Wire 2008
2008-09-12 23:35:01 -

www.CleanSlate08.org - Oklahoma taxpayers with an outstanding tax liability will have the opportunity to clean their slate with the Oklahoma Tax Commission beginning September 15, 2008. The "Clean Slate '08" program waives all penalties, interest and collection fees through November 14, 2008.

Business and individual taxpayers will have a two-month period to participate in the Clean Slate '08 program

and clear up any back taxes for reporting periods ending prior to January 1, 2008. Taxes eligible for the program include income (both corporate and individual), sales and use, withholding, franchise, mixed beverage, gasoline and diesel, gross production and petroleum excise, and a bank in-lieu tax, which banks pay in place of an income tax.

"The Clean Slate '08 program is advantageous to both the taxpayer and our state," said Paula Ross, Tax Commission spokesperson. "It gives the taxpayer an opportunity to clear up a past due account, saves what could be thousands of dollars in penalties and interest, and helps generate revenue for the State of Oklahoma."

During the Clean Slate '08 period, taxpayers will receive a full waiver of penalty, interest and any other collection fees due on the eligible taxes. However, taxpayers must voluntarily file any delinquent returns and pay the taxes owed for periods ending before January 1, 2008.

It should be noted that taxpayers who do not take advantage of the program will face double the original penalty in addition to any interest and/or collection fees.

In the coming weeks, taxpayers will hear more about the Clean Slate '08 program through ads featured on television, radio and in print. Taxpayers can find out more information on the Clean Slate '08 program at www.CleanSlate08.org. Beginning Monday, September 15, taxpayers will also be able to call a special toll-free hotline at 1.877.320.7612. When calling the hotline, taxpayers will be able to discuss their accounts and payment options with Clean Slate '08 representatives.

Oklahoma Tax Commission
Paula Ross, 405-521-3637
Director Communications


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