Varnum Tax Attorneys Discuss Voluntary Disclosure
This article originally published in Bridge Magazine April 16, 2016.
For most of us, tax season is over for another year, and while no one likes paying taxes, most people comply with the rules and regulations, filing returns in a timely and forthright fashion.
But for others, tax season – or any thought about taxes – can be a source of anxiety and sleepless nights due to tax problems that are not yet known to the regulatory agency, usually the IRS or state revenue department.
For CPAs especially, tax season is the time when potential problems – such as embezzlement, non-reporting or underreporting of income or assets – come to light.
Read full article: As tax deadline looms, voluntary disclosure lets scofflaws come clean
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