Amarillo Back Taxes and Late Filing

Fixing What Was Missed

Farm families, small carriers and service businesses in Amarillo sometimes fall behind on filings during busy or difficult years. BOMCAS works with Amarillo clients remotely to file what is missing and resolve balances.

For penalties and voluntary disclosure across Texas, read the Texas back taxes page. These are Amarillo's frequent catch-up cases.

Unfiled Returns

The IRS generally expects the last six years of returns. Without them, it may file substitute returns based on income reported to it, such as royalties on Form 1099-MISC and crop insurance and government farm payments, with no expenses. Filing your own returns with farm and business expenses usually lowers the tax substantially.

Royalty Income Left Off

Owners who inherited small mineral interests often forget to report royalties. Operators report them on Form 1099-MISC, and the IRS matches them. We amend returns to include the income with depletion and severance tax deductions.

Missed Farm Payroll

Farms that paid workers without filing Form 943 or withholding Social Security and Medicare may owe the tax plus penalties. We prepare the missing returns and help set up payroll correctly.

Heavy Vehicle Use Tax

Carriers that missed Form 2290 cannot renew registrations until it is filed and paid. We prepare late returns and help resolve penalties.

Sales Tax Audits

The Comptroller audits truck stops, repair shops and restaurants, and checks that purchases made with agricultural registration numbers were for qualifying use. We prepare records and review the audit results.

Payroll Tax Debts

Unpaid payroll taxes can lead to the trust fund recovery penalty against owners personally. Filing all returns and arranging payments early limits the damage.

Forfeited Companies

Companies that miss franchise tax reports may be forfeited. Filing the reports and paying any tax and penalties allows reinstatement.

Farm Estimated Tax

Farmers who earn at least two-thirds of their income from farming can skip quarterly estimates if they file and pay by March 1, or pay one estimate by January 15. Those who miss both face an underpayment penalty, which can sometimes be reduced by showing farm income eligibility.

Misused Agricultural Exemptions

Using an agricultural registration number to buy items for personal use or non-qualifying business use can lead the Comptroller to assess the tax with penalties and to cancel the number. We review past purchases and correct them before an audit when possible.

Hotel Tax Shortfalls

Small hotels and short-term rental hosts in Amarillo sometimes file the state hotel tax but miss the city tax or the venue district tax. We reconcile what was collected, file what was missed with each authority and arrange payment.

Unreported Wind and Lease Income

Landowners who received wind lease, pipeline easement or seismic permit payments sometimes left them off returns, assuming they were not income. Wind developers and pipeline companies usually report them on Form 1099-MISC, and the IRS matches them. We review the agreements, determine how each payment should be treated and amend returns where needed.

Notices From Two Counties

Amarillo straddles Potter and Randall counties, and owners with land in both, or in surrounding Panhandle counties, receive separate tax bills. Delinquent property tax accrues penalties and interest every month, so we list every parcel and confirm each bill is paid.

Our Method

Pull IRS and Comptroller records.
Gather settlement sheets, royalty and bank records.
File missing returns.
Request penalty relief.
Arrange payment plans.
Set up systems to stay current.