#voluntary_disclosure_agreement
Voluntary disclosure agreement
In the United States, a voluntary disclosure agreement (VDA), is a program whereby taxpayers can receive certain benefits from proactively disclosing prior period tax liabilities in accordance with a binding agreement. Most states offer Voluntary Disclosure Agreements to encourage companies to comply with a state's tax laws and in turn generate revenue for the state that it may not have had if the company did not come forward and disclose its liabilities. Additionally, the state can generate future revenue by having a company register in their state to collect and remit certain taxes.
Thu 31st
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