Voluntary Disclosure/Administrative:
Nevada: Adopted Changes to Voluntary Disclosure Program Rule Include Modified Business Tax
(LCB File No. R152-22) Amended Reg. sections 360.440, 360.444, and 360.446, Nev. Tax Comm. (9/4/24). The Nevada Tax Commission adopted changes to Nevada’s voluntary disclosure (VDA) program rules, some of which expand application of the VDA program to taxpayers subject to certain additional Nevada taxes and fees like Nevada’s modified business tax (MBT), which is a quarterly payroll-based tax on businesses paying wages to employees in Nevada. Other VDA rule changes:
Transfer from the Nevada Tax Commission to the Nevada Department of Taxation (Department) the responsibility for determining in the first instance whether the tax liability of a taxpayer has been voluntarily disclosed;
Revise the requirements to be met by a taxpayer or the taxpayer’s representative before the Department may make a determination of voluntary disclosure; and
Require a taxpayer whose tax liability has been determined not to have been voluntarily disclosed to file any additional returns and pay any tax, penalty or interest determined to be owed.
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