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Voluntary Disclosure

voluntary irs disclosure

The Voluntary Disclosure Program

If you owe the IRS money, it is usually only a matter of time before they come to collect. Whether you failed to file, did not disclose all of your income, or for any other reason, getting in touch with them before they come after you is always the better scenario. To make it easier, the IRS and many states have a program called Voluntary Disclosure, wherein an individual or organization can come forward and volunteer information before the situation worsens.

Reducing Your Penalties

You may wonder why the IRS would create a program like this. It may even sound like a trap, but this is a legitimate program. While it provides obvious ben