Friday, September 25, 2009

Taxpayer Voluntary Disclosure Program Strikes Gold

New York State Department of Taxation and Finance Acting Commissioner Jamie Woodward today announced the first year results of the department's Voluntary Disclosure Program - a unique statutory program that provides amnesty-like benefits to delinquent taxpayers who reveal tax obligations unknown to the state and who voluntarily become tax compliant.

Between July 1, 2008 and July 1, 2009, ...541 taxpayers completed the application process, filed their back tax returns and paid the state $31,333,864. Another 1,305 taxpayers accepted into the program have executed agreements and are in the process of preparing returns for their delinquent taxes.

To view the entire document please visit here.

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