Three more companies have sent settlements to the Tax Department in response to the software glitch that caused thousands of Vermonters to underpay their 2015 income taxes.
CCH Small Firm Services will pay $67,994, according to the Tax Department. Liberty Tax Services has already paid $12,169, and Lamson Tech/1040NOW has paid $496.
The three settlements represent the last companies that needed to make amends with the state regarding the software issue. Intuit, the maker of TurboTax, and H&R Block paid the state for the error in July.
Gov. Peter Shumlin’s administration said in May that software issues were the reason that personal income tax receipts were $18 million below projections in April, and the administration has said the state was owed anywhere between $1.5 million and $2.75 million.
“We are very happy that all affected software companies have stepped forward to make a significant contribution to the state to address this matter,” Mary Peterson, the commissioner of the Tax Department, said in a news release.
“Taxpayers who were impacted by filing an original return containing the IN-155 software-generated errors need to take no further action, regardless of the product they used,” Peterson said.
“Even the small group of taxpayers who did file an amendment need to take no further action,” she said. “They will soon be receiving correspondence from the department explaining how the abatement of additional liability has been resolved, either with destruction of their check or a refund.”
The Tax Department recommends that Vermonters with questions about the software glitch call 1-866-348-4038
[Source:-Vitdgger]
