Voluntary Disclosure

Given the complexity of state and local taxes and the constant changes occurring in tax laws, many businesses find that they have inadvertently failed to comply with their tax obligations in one or more states. The Risenmay Law Firm can help you identify where this may be the case and get you into compliance. Many state and local jurisdictions offer voluntary disclosure or amnesty programs for taxpayers seeking to correct prior omissions. These programs often include limiting the “look back” periods for which past due taxes must be paid, together with a waiver of penalties and sometimes interest if you voluntarily disclosed your tax liability. In most cases, these incentives only apply to taxpayers who come forward prior to being contacted by tax enforcement officials. The Firm can help you evaluate your business activities and the resulting tax reporting requirements and help you obtain government agreements on the scope of tax incentives you will receive in return for coming into voluntary compliance.