If you’re considering the Multistate Tax Commission’s (MTC) amnesty program, but not sure if it’s right for your business, you can now get an idea of your possible savings by using the Taxify Back Tax Estimator. Simply register here, identify the states you’ve sold merchandise into, then enter your revenue for each year you’ve sold into those states. The Estimator will display the approximate amount of back sales tax you may save by applying for tax amnesty. There is no download required, no cost or obligation to you, and Taxify will not share your information.
If you’d like to get a more specific figure, sign up for a free trial of Taxify. An exact calculation is available with your 30-day trial. Taxify does not submit your contact or financial information to the MTC. Applying for amnesty is entirely up to you.
Here at Taxify, we want to provide you with the tools and knowledge to make informed decisions for your business. To learn more about the Tax Amnesty program, check out the Q & A from our webinar with James Thomson, who initiated the program with the MTC. You can also watch the entire one-hour webinar on-demand. To learn more about Voluntary Disclosure Agreements in general, you’ll find answers in our Q & A with tax expert Ned Lenhart, CPA of Ampersand Accounting, LLC.