Under its policy of voluntary disclosure, the IRS can forbear from referring for criminal prosecution taxpayers who come forward to admit previously unreported tax liabilities. CPAs may be in a ...

Dambra, Michael; Schonberger, Bryce; Wasley, Charles. Creating visibility: voluntary disclosure by private firms pursuing an initial public offering. Review of Accounting Studies. Sep2024, Vol. 29 ...

Attorneys at Wiley Rein LLP examine the Justice Department's new Corporate Enforcement and Voluntary Disclosure policy, which establishes a department-wide framework governing how prosecutors evaluate ...

The IRS has unveiled a "voluntary disclosure program" for businesses that claimed a pandemic-era tax credit in error and want to pay the money back. The new voluntary ...

Forbes contributors publish independent expert analyses and insights. Guinevere Moore is a civil and criminal tax litigator. The Internal Revenue Service announced today that the Voluntary Disclosure ...

Missed the opportunity to apply for the Employee Retention Credit (ERC) Voluntary Disclosure Program? The IRS is giving you a second chance. The IRS has announced a ...

How should companies think about DOJ, BIS and OFAC voluntary disclosure in the wake of the DOJ’s massive investment in sanctions and export control enforcement? The DOJ, BIS and OFAC released a joint ...

The Voluntary Disclosure Programme (VDP) provides the opportunity for taxpayers to correct errors made on their tax returns without having to face “potentially significant” understatement penalties.

One of the goals of the 2010 Dodd–Frank Act was to make banks, and especially large banks, more transparent about their financial health. But though it mandated reporting of some information, has it ...