Multistate Tax Commission Voluntary Disclosure Deadline Extension

Due to overwhelming demand of businesses wanting to participate in the program, the Multistate Tax Commission has extended the application and registration deadlines for its voluntary disclosure initiative for online marketplace sellers from October 17 to November 1, 2017. The program provides relief from tax liability, interest, and penalties for sales and use tax, income/franchise tax, or both. Taxpayers filing a timely application are now allowed 30 days after receiving notice that the taxing state has signed a voluntary disclosure agreement to register with the state.

Read more about the MTC program in our first update and the expansion of states included in the program in our second update.

Please talk with your Eide Bailly tax professional or a member of our State and Local Tax Team if you’re considering participating the program

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