Individual Income Tax Penalty and Interest Waiver Request - Arkansas

Individual Income Interest Waiver Request is a legal document that was released by the Arkansas Department of Finance & Administration - a government authority operating within Arkansas.

FAQ

Q: What is an Individual Income Tax Penalty and Interest Waiver Request?A: A request to waive penalties and interest on unpaid individual income taxes in Arkansas.

Q: Who can submit an Individual Income Tax Penalty and Interest Waiver Request?A: Individuals who owe unpaid income taxes to the state of Arkansas.

Q: What are the eligibility criteria for getting penalties and interest waived?A: You must demonstrate reasonable cause for not paying your taxes on time.

Q: What is considered reasonable cause for not paying taxes on time?A: Reasonable cause may include serious illness, natural disasters, or other circumstances beyond your control.

Q: What supporting documentation do I need to provide for my waiver request?A: You will need to provide documentation that substantiates your claim of reasonable cause.

Q: Is there a deadline for submitting an Individual Income Tax Penalty and Interest Waiver Request?A: Yes, the request must be submitted within 60 days of receiving a penalty notice.

Q: What happens after I submit the waiver request?A: The Arkansas Department of Finance and Administration will review your request and notify you of their decision.

Q: If my request is approved, what happens to the penalties and interest?A: If approved, the penalties and interest will be waived, and you will only be required to pay the original amount of unpaid taxes.

Q: If my request is denied, can I appeal the decision?A: Yes, you can appeal the decision by filing a petition with the Arkansas Office of Hearings and Appeals within 30 days of receiving the denial notice.