Introduction
Voluntary disclosure programs (VDPs), facilitated through voluntary disclosure agreements (VDAs), provide taxpayers with an essential mechanism to rectify past non-compliance with state tax obligations. As states increasingly invest resources into promoting and managing the VDP, these programs offer a proactive avenue for taxpayers and their advisors to address prior liabilities. This resource delves into VDA nuances, explores state-specific programs and provides strategies for successfully negotiating past liabilities and ensuring future compliance.
Conclusion
VDAs provide a valuable opportunity for taxpayers