The Oregon Department of Revenue has put in place a temporary amnesty policy for audits from October 1, 2009 through November 19, 2009 (the amnesty period). This means that if your audit is ongoing, and you have not been issued a Notice of Deficiency with your audit results you may be able to participate in the amnesty program.
Previous to this policy, only those taxpayers who had not been contacted by the OR Department of Revenue qualified. What is amnesty? Amnesty can mean a 50% reduction in interest and 100% reduction in penalty on the tax that you owe. Often times this is a huge savings! Please see the blog “Limited Time Oregon Tax Amnesty Program” for all of the details as well as a link to the amnesty website. At the time this article was written the official Oregon Amnesty website did not mention the temporary audit policy. However, we received written notice of the audit amnesty policy today.
What do you do if you are being audited by the Oregon Department of Revenue? To take advantage of the amnesty program you need to enter into a closing agreement under ORS 305.15 between October 1, 2009 and November 19, 2009. By entering into this agreement you waive your right to appeal the audit adjustments. The closing agreement is in place of the Amnesty Application. If you are interested in doing this, you need to act now. Call your auditor whose telephone number should be listed on your audit notice. If you have lost your notice, contact the Oregon Department of Revenue at 503-378-4988.
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