Monday, November 15, 2010
The Canada Revenue Agency (CRA) has issued a reminder to taxpayers and all tax registrants that they have until December 31, 2010 to file requests under the taxpayer relief provisions for the 2000 tax year and any reporting period that ended during the 2000 calendar year.
The taxpayer relief provisions of the Excise Tax Act allow the Minister some discretion in cancelling or waiving interest and certain penalties for reporting periods that ended within the last 10 calendar years preceding the year in which a request is made.
The CRA noted for instance that some taxpayers or registrants may be involved in a tax process with the CRA (for example, an audit, objection or appeal) for the 2000 tax year or a reporting period that ended in 2000. Some taxpayers or registrants may not be sure if they need taxpayer relief in regard to their situation. If so, the CRA has advised that they should make a request before the deadline, adding that any request-related information that is not available at deadline time can be sent later.
Taxpayers and registrants or their authorized representatives can make a taxpayer relief request by completing Form RC4288, Request for Taxpayer Relief, or by writing to their tax services office.