Voluntary Disclosure

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August 31, 2024 4 min read Definitions
Voluntary Disclosure: Informing Tax Authorities about Inaccuracies in Filings
Finance Taxes Voluntary Disclosure Tax Compliance Tax Filings Tax Authorities Penalties
Voluntary disclosure involves taxpayers proactively informing tax authorities about inaccuracies or omissions in their tax filings before they are discovered through audits or investigations. This practice can mitigate penalties and foster compliance.
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