Sharp Tax & Accounting Blog
Voluntary Disclosure Agreements: A Smart, Cost‑Saving Strategy for Resolving Hidden State Tax Liabilities
Voluntary Disclosure Agreements help businesses resolve past state tax liabilities on far more favorable terms. By limiting the lookback period, waiving penalties, and preventing open‑ended audits, a VDA gives taxpayers a clean slate and protects them from years of hidden exposure that could otherwise lead to costly assessments.