In order to encourage the voluntary disclosure and payment of various taxes owed to Oklahoma, the Oklahoma Tax Commission has been given the task of establishing a voluntary compliance initiative for certain taxes. Accordingly, an eligible Taxpayer would be entitled to a waiver of any penalty, interest, or other collection fees due on the taxes, if the Taxpayer voluntarily files delinquent tax returns and pays the taxes due during the course of the initiative.
The time period for the initiative will be limited to the period beginning on September 15, 2008 and ending on November 14, 2008. During that period, Taxpayers must either make a voluntary payment of the full tax liability due or enter into a written payment program agreement with the Tax Commission for the full payment of the unpaid tax over a specified time and in a specified manner.
Upon full payment of the taxes due pursuant to the initiative, the Tax Commission will then abate any interest, penalties, collection fees, or other costs that otherwise would be applicable. Any tax liens that have been imposed will also be released.
Taxes eligible under this initiative include the following taxes that were due and payable for tax periods ending before January 1, 2008:
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