Each State has a process administrating a Voluntary Disclosure Agreement to pay back taxes. The Multistate Tax Commission runs a program to standardize the VDAs and make it easier for companies to meet their tax obligations and pay back taxes.
Member States:
State | NNP Member |
---|---|
Alabama | Yes |
Alaska | No |
Arizona | Yes |
Arkansas | Yes |
California (FTB) | No |
California (BOE) | No |
Colorado | Yes |
Connecticut | Yes |
Delaware | Yes |
District of Columbia | Yes |
Florida | Yes |
Georgia | Yes |
Hawaii | Yes |
Idaho | Yes |
Illinois | No |
Indiana | No |
Iowa | Yes |
Kansas | Yes |
Kentucky | Yes |
Louisiana | Yes |
Maine | No |
Maryland | Yes |
Massachusetts | Yes |
Michigan | Yes |
Minnesota | Yes |
Mississippi | No |
Missouri | Yes |
Montana | Yes |
Nebraska | Yes |
Nevada | No |
New Hampshire | Yes |
New Jersey | Yes |
* New Mexico | Yes |
New York | No |
North Carolina | Yes |
North Dakota | Yes |
Ohio | No |
Oklahoma | Yes |
Oregon | Yes |
Pennsylvania | No |
Rhode Island | Yes |
South Carolina | Yes |
South Dakota | Yes |
Tennessee | Yes |
Texas | Yes |
Utah | Yes |
Vermont | Yes |
Virginia | No |
Washington | Yes |
West Virginia | Yes |
Wisconsin | Yes |
Wyoming | No |
See also:
Links to this note
-
Voluntary Disclosure Agreement
A Voluntary Disclosure Agreement is a process in which a company comes clean about not collecting or paying taxes when they should have (usually sales tax and corporate income tax). This helps to minimize penalties and the look-back period for paying back taxes. Without it, the tax agency will come after the company for the full amount and penalties. In fact, many States will not accept a VDA if they notify you first (e.g. sending a tax questionnaire).