CORBIN —
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.
Local Sports
Tax amnesty deadline Friday
- Local Sports
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Jumpers stun North
Both North Laurel and Somerset struggled at the plate for six innings, but that didn’t mean the two teams weren’t going to provide some fireworks during the game’s final inning of play Thursday.
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On the move
Mother Nature played a big role during the opening day of the Boys and Girls State Tennis Tournaments. She caused just enough havoc to put a major dent into Thursday’s first and second round schedules.
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Lady Colonels drop 12-9 decision at home to Clay County
The Whitley County Lady Colonels found themselves in a slugfest for most of the night against Clay County Thursday.
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Colonels win big
Hollywood couldn’t have scripted the way Whitley County senior Alex Rose’s final start of the season went down Thursday.
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Carson comes big against Bears
Senior Night turned out to be a great day for North Laurel’s lone senior Marcus Carson.
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Lady Redhounds fall on the road, 10-0
The Corbin Lady Redhounds went into Thursday’s game against Middlesboro riding a five-game win streak and winners of seven of the past nine. The streak didn’t last though, as the Lady Yellow Jackets outplayed Corbin to a tune of 10-0 in five innings.
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SPORTS HEADLINES - MAY 17, 2013
Jumpers stun North
On the move
Local players advance in boys & girls state tennis action
Lady Colonels drop 12-9 decision at home to Clay County
Colonels win big
Carson comes big against Bears
Lady Redhounds fall on the road, 10-0
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Corbin falls short
The Corbin Lady Redhounds’ quest for a state championship came to an end Wednesday at the University of Kentucky’s Boone Tennis Center after dropping a 3-0 decision to Sacred Heart in Final Four action.
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No slowing down
Those who know outgoing Corbin High School freshman Alex “Dub” Smith will tell you that, despite being born with a disability, he's your average run-of-the-mill American teenager.
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Fear 'Les' 13th Region Diamond Rankings
It’s been very difficult for me the past couple of weeks to decide on who is the top rated team in the 13th Region.
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