Philadelphia, PA – The city of Philadelphia is offering a tax amnesty for property owners, residents, workers, and businesses who currently owe back taxes. This is the first time the city of Philadelphia has offered a tax amnesty.
Right now the city of Philadelphia has about $1 billion in back taxes and tax amnesty programs in general have helped many state and city governments recoup taxes they may have never received. In December of last year, Keith Richardson, the Philadelphia Revenue Commissioner stated the city would most likely give delinquent taxpayers 45 days to pay their taxes without penalties and only half the interest that has accrued. What happened is that Philadelphia decided to give a longer tax amnesty than 45 days. The program started on May 3rd and ends June 25th, 2010.
Whether you have City, State, or Federal taxes owed or unfiled taxes, it is in your best interest during these economic times to come into compliance with tax authorities as interest and penalties will only increase your balance and make things worse. To find more information about this tax amnesty, visit www.phillytaxamnesty.com today.