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Penalty-Free Tax Amnesty Program Established for Connecticut Taxpayers

Penalty-Free Tax Amnesty Program Established for Connecticut Taxpayers

The Connecticut Department of Revenue Services has established a Tax Amnesty Program running from November 1, 2021 through January 31, 2022. It will give all individuals and businesses an opportunity to pay back taxes at a reduced interest rate and no penalties.

The Program provides all Connecticut taxpayers (except those owing motor carrier road taxes) with a way to pay their back taxes at a 75% reduction in interest and a waiver of penalties and potential criminal prosecution. This applies to taxpayers who have not filed, have under-reported or have existing tax liabilities owed to the State for any tax period ending on or before December 31, 2020.

To participate in this Tax Amnesty Program, taxpayers must complete the DRS application and pay the full amount due by January 31, 2022. As a participant in the Program, the taxpayer must also relinquish all unexpired administrative and judicial appeal rights as of the payment date and forfeit any refund or credit of tax amnesty payments.

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