Avoid Penalties with New York’s Voluntary Disclosure Program
If you owe New York State back taxes, the Voluntary Disclosure program can help you avoid penalties and criminal charges. When you’re facing complicated tax issues, it is easy to become overwhelmed – which is why we’re here to help. In fact, if you choose 212 Tax to prepare your prior year returns, we’ll gladly submit an application to the voluntary disclosure program on your behalf at no additional cost. In our experience, this is a great first step toward helping our clients achieve their long-term financial goals.
Am I Eligible for The Voluntary Disclosure Program?
You may be eligible to participate in Voluntary Disclosure if you:
- have not filed a New York State income tax return
- have not received a tax bill
- have not been notified of an impending audit
Note: These are general eligibility criteria for the Voluntary Disclosure program. To read more about the specific requirements, visit the NY State Department of Taxation and Finance website.
Benefits for Individuals and Businesses
One of the most versatile benefits of the NY State Voluntary Disclosure program is that it can be used for more than just individual income taxes. If you own a business, Voluntary Disclosure can help you avoid penalties for sales taxes, corporate taxes, and/or payroll taxes.
Because the financial well-being of your business impacts your employees, their families, and the community as a whole, it is imperative to take full advantage of the NY State Voluntary Disclosure program as soon as possible. When you schedule a consultation with 212 Tax, we will review the eligibility of your business and help you determine the best strategy to mitigate the effects of unfiled returns, ultimately getting you on the road to full compliance.
Don’t Wait to File
If you have income that was sourced in New York and have not filed a return, you may not have received a notice yet — but that doesn’t mean you shouldn’t file. The risks of failing to file a New York State tax return can be severe. Not only will you have to pay steep penalties and interest, but you could also face criminal penalties, including jail time. Fortunately, the Voluntary Disclosure program can help you get back on the right track. Don’t wait for New York State to catch up to you — let 212 Tax help today.
We Know New York
When it comes to choosing a reputable and knowledgeable tax accountant, the CPAs at 212 Tax have the experience to deliver the services you need. 212 Tax has been working with clients in NYC for nearly a decade, and during that time we have helped many NYC residents navigate a wide range of complicated tax issues. We understand local tax codes comprehensively, and we can deliver the results you need to put the past behind you.
Our tax practice serves investors, restaurant and bar owners, DJs, real estate professionals and traditional full-time employees. 212 Tax also provides operations support to business owners, including CFO services, payroll processing, the accounts payable and receivable functions, and financial analysis. With 212 Tax, you’ll benefit from our strategic thinking and more easily achieve your financial goals.
Schedule a Consultation With 212 Tax
If you’re worried about back taxes, the tax accountants at 212 Tax can help. Schedule a consultation and let us show you how the NY Voluntary Disclosure program can give you the peace of mind you need today.