Legal Alert - Arizona Offers Rare But Limited Opportunity to Avoid Penalties and Interest, and Optional Payment Plan – Application Deadline: October 31, 2016
by Craig R. McPike, Geoffrey L. Gunnerson and Hsin Pai
On the heels of a very successful program that ended less than a year ago, the Arizona legislature has required the Arizona Department of Revenue (ADOR) to establish and administer a second “tax recovery program” that can help qualifying taxpayers favorably resolve certain outstanding tax liabilities. This year’s program is generous considering that qualifying taxpayers can avoid all interest charges (a rare occurrence) and all penalties, and may elect to pay their tax liability over a two-year period. Interested taxpayers should take note of the limited window of opportunity – the deadline for applying is October 31, 2016.