Current News
Tax Amnesty Has Expired
Interest On Unpaid Tax Is Now 8 Percent
At midnight on October 31, 2003, the four-month Florida Tax Amnesty program expired. On November 1, 2003, the interest rate on past due taxes increased from 4 percent to 8 percent. If you did not take advantage of the amnesty program, the Florida Department of Revenue offers two ongoing programs that may save you money. You can self-disclose your overlooked or underpaid tax liabilities through the Voluntary Disclosure program or you may want to participate in the Department's Certified Audit program.
Further ReadingIRS Launches a New Program for Business Taxpayers
IR-2004-10, Jan. 15, 2004
WASHINGTON — On January 12, the Internal Revenue Service launched a new program for new business taxpayers designed to boost electronic payment of taxes. This development offers some taxpayers new, quicker access to an electronic payment system.
This initiative will be available using the Electronic Federal Tax Payment System (EFTPS), a service offered free by two bureaus of the U.S. Department of the Treasury, IRS and the Financial Management Service (FMS). In fiscal year 2003, Treasury collected more than $1.5 trillion in electronic tax payments through EFTPS, and the launch of this new initiative will help increase growth in those numbers in tax year 2004. EFTPS enables taxpayers and tax professionals to make federal tax payments electronically online, by phone, or with batch provider software for professionals...
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