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Penalties and Interest If you have filed your return on time, but fail to pay the entire amount due, you will be assessed a Failure to Pay Penalty of 1% per month, up to a maximum of 35%.
If you e-filed, your refund should be issued within twenty-one business days after acknowledgment of the receipt of the return. The average processing time for a complete paper tax return is up to 10 weeks from the time you mailed it. Please allow 10 weeks from the date you filed before calling.
States' agencies have computer links with the IRS. Only Nevada does not share residents' data with the IRS. Most state taxing authorities act quickly when they receive IRS information if it means the taxpayer will owe the state more, too. In fact, many states act on IRS-supplied information before the IRS does.
Department of Finance and Administration. Citizens. Businesses.
Taxes are calculated differently in each state, with some states having flat tax rates, some having no income tax but other taxes, and others using graduated tax rates. Reasons for owing state taxes can include changes in personal circumstances, job changes, side jobs, and eligibility for credits and deductions.
The state of Arkansas requires you to pay taxes if you're a resident or nonresident that receives income from an Arkansas source. The state income tax rates range up to 5.9%, and the sales tax rate is 6.5%.
Statute of Limitations on Arkansas Back Taxes The state of Arkansas has a 10-year statute of limitations on back taxes. This means that the state can pursue collection activities including property liens for up to 10 years after the taxes have been assessed.
There are several ways to discover whether you owe back taxes, including: You receive a notice from the IRS via mail. The IRS will let you know if you owe back taxes via a mailed notice. ... Log in to your tax account on IRS.gov. ... File or review tax returns. ... Contact the IRS at 800-829-1040.