Voluntary Disclosure Agreement Lawyer in Boca Raton

Addressing Past Sales Tax Exposure for Businesses Nationwide

Discovering that your business may have unreported sales tax obligations can be unsettling. These issues can stem from expanding into new states, changes in the business operations, an acquisition, or a misunderstanding of the filing requirements. 

Regardless of the cause, unresolved tax exposure can grow over time as interest and penalties accumulate. Waiting until a state taxing authority initiates an audit or investigation may significantly limit your available options.

A voluntary disclosure agreement (VDA) can provide a proactive path toward resolving past tax obligations while reducing potential liability. Ribeiro Law helps you evaluate whether such an agreement is appropriate for your circumstances and guides you through every stage of the process. 

Because our practice is devoted exclusively to sales and use tax law, we provide focused legal counsel tailored to the unique facts of each client’s business.

Call (561) 594-4887 or reach out online to book a complimentary in-office or virtual consultation with a Boca Raton voluntary disclosure agreement attorney. 

Evaluating Whether a Voluntary Disclosure Agreement Is the Right Strategy

Not every business with potential sales tax exposure should pursue a voluntary disclosure agreement. The decision depends on several factors, including:

• Where your business operates
• The nature of its activities
• Whether a state has already contacted you
• The extent of any potential tax liability

We begin by developing a thorough understanding of your operations and reviewing your historical sales tax obligations. This allows us to assess your potential exposure, explain the advantages and limitations of a voluntary disclosure agreement, and determine whether another approach may better serve your business.

Throughout the process, we provide practical guidance to help you make informed decisions aligned with your business objectives and the legal requirements of each jurisdiction.

How Voluntary Disclosure Agreements Work

A voluntary disclosure agreement is a program offered by many states that allows eligible businesses to report previously undisclosed tax obligations before the state identifies the issue on its own. 

In exchange for coming forward voluntarily and satisfying certain program requirements, you may receive important benefits, such as a limited lookback period and the reduction or waiver of certain penalties. Program requirements and available benefits vary from state to state.

To participate successfully, businesses must generally meet specific eligibility requirements and make accurate, complete disclosures. Timing is often critical. Once a state has initiated contact regarding the tax issue, you may no longer qualify for voluntary disclosure.

Because each state administers its own program, careful legal analysis is essential before beginning the process.