KPMG report: State nil reporting and penalty notices
Actions triggering notices and steps that taxpayers could take to minimize future assessments
Actions triggering notices and steps to minimize future assessments
Between state specific nil filing requirements and upscaled reporting portals, taxpayers are increasingly seeing state notices “fishing” for information. In many cases, taxpayers have no reporting obligations, but are being assessed “reasonable penalties” in an attempt by the state to force compliance.
Read a June 2023 report [PDF 267 KB] that discusses actions that are triggering these notices and the steps that taxpayers could take to minimize future assessments.
Read the report
State nil reporting and penalty notices
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