Nevada State Tax Updates
Feb 5, 2021
For the latest news and updates on Nevada state and local tax
February 5, 2021
Nevada Tax Amnesty Program
The Nevada Department of Taxation recently released additional information about its tax amnesty program. The program will commence on February 1, 2021 and will be open through May 1, 2021. This tax amnesty program will allow a onetime waiver for penalties and interest for a number of taxes that the Department oversees, including the Commerce Tax, Sales & Use Tax, and Excise Taxes. Taxpayers with audits that have been finalized may be eligible for the program, but taxpayers currently under audit are not eligible for amnesty.
Businesses are advised to refer to the amnesty program guidance as issued by the state for more information regarding the specifics of the program, or reach out to Withum’s State and Local Tax Group for a deeper discussion.
Disclaimer: Please note this is the information that is readily available at this time, it is subject to change so please consult your Withum tax advisor.