After sales tax nexus determinations have been made, state registrations are needed to formally collect and remit sales and use tax. Registration forms require a company to disclose when it began doing “doing business” in the particular state(s), and if the company has been operating in that state for a long period of time, a Sales Tax Voluntary Disclosure Agreement (VDA) can help your company avoid serious fines and penalties for failing to report sales tax obligations.
We can help you with the voluntary disclosure process by providing the following:
- Analysis of tax paid and audit status
- Exposure analysis and tax mitigation guidance
- VDA negotiation of the look-back period
- Abatement of reduction in penalties
- Payment remittance