Tax & Accounting Blog

North Carolina Makes it Easier to Voluntarily Disclose

Indirect Tax, Sales and Use Tax November 7, 2011

The North Carolina Department of Revenue is now making it easier for individuals and businesses to resolve their tax obligations with the state by making changes to the Voluntary Disclosure Program (VDP) that will allow more taxpayers to participate. In the past taxpayers who had previously been registered or who had filed a return for a tax return would not be eligible for VDP for that tax type.  The Department will now allow some taxpayers who may have previously registered and submitted returns to participate. Additionally qualifying taxpayers will now only be required to file past due returns and pay taxes due for a back period of three years or 36 months (depending on the filing frequency of the tax type) —unless they collected but failed to remit the tax. Previously taxpayers were required to file and pay at least four years or 48 months of returns.

To qualify taxpayers must meet a certain set of criteria, and complete a program application.

For detailed information about eligibility and participation visit www.dornc.com/practitioner/voluntary.html.