The Nevada tax amnesty program, which began February 1, has less than a month to go. Companies with unpaid tax debts can file / pay their taxes online or download the missing tax returns available on the Treasury Department’s website at https: /. /tax.nv.gov/
Property tax in a specific period must be paid in full during the amnesty filing days from February 1st to May 1st in order for the amnesty to be applied. The amnesty program allows the penalty and interest to be waived, provided that the outstanding tax liability meets the following criteria:
The tax was due and payable on or before June 30, 2020, including monthly tax returns due on May 31, 2020 or earlier and quarterly tax returns due on April 30, 2020 or earlier. The delinquent tax amount was paid in full for the period. If a taxpayer has multiple late tax returns but can only pay one or more periods, the penalty and interest may be waived for each period provided the tax has been paid in full. and the delinquent tax is paid during the amnesty period.
The types of taxes included in the amnesty program are sales and use tax, amended business tax, cigarette tax, tax on other tobacco products, alcohol tax, bank branch excise tax, insurance premium tax, tire tax, live entertainment tax and short-term landlord, Fees for exhibition facilities, trade tax, transport connection tax, wholesale marijuana excise tax, retail marijuana excise tax, centrally established property tax and net proceeds from mineral tax.
Taxes not included in the amnesty program include property tax, property transfer tax, and property tax, which are levied locally.
The amnesty program started on February 1st and runs until May 1st. Taxpayers can pay for their payments through the online portal using Visa, Mastercard, Discover Card and debit cards. Those who do not have an online account can visit Nevada Tax Online and register.
The Treasury Department, with 403 employees in five departments, is responsible for administering 17 types of taxes, three fees, two licenses and one civil penalty. Fund raising and distribution supports the state general fund, state distribution school account, local governments, and state debt service fund.