Voluntary Tax Disclosure
Voluntary tax disclosure: reporting unreported/underreported tax to DOR before audit. Available: all FL taxes (sales, corporate, reemployment). Benefits vs. audit: reduced lookback (3 years vs. 3-5+), penalty waiver (vs. 10%/month up to 50%), structured payment, and reduced base. When: nexus discovery, acquisition, error, and expansion. Must seek before DOR contacts (after notice: may not be available). Provides certainty and control. Consult FL tax attorney immediately.
Benefits vs. Audit
- 3-year lookback vs. 3-5+
- Penalties waived vs. up to 50%
- Structured payment
When to Seek
- Nexus discovery, acquisition
- Error, expansion into FL
- Before DOR contacts you
Best Practice
- Consult tax attorney
- Before audit begins
- Certainty and control
Related Terms
- VDA — Agreement
Barnes Walker Business Law
Barnes Walker’s attorneys handle FL tax disclosure. Request a legal inquiry for assistance.
Reviewed by the attorneys at Barnes Walker, Goethe, Shea & Robinson, PLLC