Times-Tribune Staff Report
Delinquent Kentucky taxpayers interested in applying for tax amnesty only have until Friday to get into the program.
Otherwise, once Friday passes, the state’s amnesty legislation reinstates all penalties and fees.
In order to expedite this process, the Kentucky Department of Revenue will extend office hours at field offices statewide. This includes the Corbin office, located at 15100 N U.S. 25 Suite 2.
That office’s phone number is 606-528-3322.
This week’s hours are today and Thursday, 8 a.m.-7 p.m., and Friday from 8 a.m.-9 p.m., or until the last taxpayer leaves.
Should a delinquent taxpayer not apply for amnesty, he or she could face a 25 percent cost-of-collection fee, a 25 percent assessment fee, a 50 percent fee for not filing a tax return and a 25 percent fee on liabilities discovered through an audit. Also, all interest owed will be reinstated to the total delinquency owed, and 2 percent will be added to the interest rate.
According to the Department of Revenue, as much as 30 percent could be saved if the taxpayer receives amnesty.
For those under the amnesty plan who need payment flexibility, arrangements can be made if there is a proven hardship. However, under this payment flexibility plan 25 percent of the delinquent amount must be paid at the time of application. While the penalties and fees are waived, the interest is not reduced and the remaining balance must be paid by May 31, 2013.
For taxpayers receiving amnesty, they must continue to make all required tax payments for the next three years. If not they can expect all fees, penalties and interest to be reinstated.
The Department of Revenue last offered amnesty in 2002, collecting more than $40 million.
Times-Tribune Staff Report
- Local Sports
The Tri-County Sports Authority youth football league, which usually fields in the neighborhood of 200 players, is about to get a little more crowded this season.
THE WAY IT IS: Football is in the air in the Tri-County
These cool summer days are reminding me of the cool football Friday nights of September and October, and with that said, these cooler temperatures have me in the mood of writing about things to come for our local football teams in the Tri-County.
It’s never too early to talk about what games will be the big ones for the Tri-County high school football fans to watch this upcoming season. I’ve tried to narrow my list down to 10 games, but honestly, it really wasn’t easy to do — but I did manage to do it.
Let’s just say things should be very entertaining, and interesting, for you the fan this season.
Corbin names Philpot head baseball coach
With just a little over two weeks passed since Rob Ledington announced his resignation as head coach of the Corbin Redhounds’ baseball team, Corbin School officials announced their choice his replacement.
So Far, So Good: North Laurel Coach Chris Larkey pleased with the way his team is looking
By Les Dixon
NORTH LAUREL — Chris Larkey’s North Laurel Jaguar football team is coming off one of its best seasons in program history with hopes of continuing its winning ways this fall.
The Next Step: Jerry Herron's Williamsburg Yellow Jackets have high hopes of winning a state title
By Chris Parsons
WILLIAMSBURG — The Williamsburg Yellow Jackets came one win away from bringing home the program’s first ever state championship last season, but a 42-0 loss to Mayfield meant a state title wasn’t in the cards.
Ready to Reload
Even though Knox Central head football coach Scottie Russell has seen the departure of two of the program’s best tailbacks due to graduation in the past two years, he isn’t concerned.
Shelton was a hero by any definition
The word hero is used a little too loosely for my taste these days.
To be honest, it’s been used way too much for a long time and I’m just as guilty as the next guy.
- Smashing Win
- Whitley County knocks off B'ville, 7-0
- More Local Sports Headlines
- Numbers Game