What are California Voluntary Disclosure and Amnesty Programs?
If you do business in California, but do not pay California income tax or California sales and use tax, you may owe California money. The California Franchise Tax Board (FTB) and the California Department of Tax and Fee Administration (CDTFA) each offer a voluntary disclosure program to taxpayers who qualify. The programs can significantly reduce the amount of taxes and penalties owed and can help business owners avoid lengthy and invasive tax audits.
IRS Voluntary Disclosure
The IRS has a voluntary disclosure program if you have unreported, legal-source income and meet other requirements to participate in the program. This can significantly reduce penalties and offers protection from criminal charges.
At the Law Office of Williams & Associates, P.C., our practice focuses on tax law, including California and federal tax compliance and defense. Our lawyers are current with state and federal voluntary disclosure and amnesty programs that may enable you to resolve tax issues before significant penalties are assessed or a criminal investigation begins.
From our office in Sacramento, we represent individuals and businesses from California, throughout the United States and abroad.
Protecting You From Criminal Charges
Many individuals and business owners know that they are in violation of state or federal tax law. However, they may be reluctant to discuss their case with tax authorities, because they are uncertain of the potential liability they may face. Voluntary disclosure programs provide you with a more predictable outcome, depending on the facts of your case.
In some cases, taxpayers may be concerned about a potential criminal investigation. By participating in a voluntary disclosure program before criminal investigation begins, you may be able to avoid criminal charges altogether and resolve your tax matters regarding compliance and payments.
Many disclosure programs are temporary, so you should contact an experienced tax attorney as soon as possible about your situation.