Amnesty/Voluntary Disclosure:
Wisconsin DOR Reminds Businesses About Benefits of Participating in Voluntary Disclosure Program
Wisconsin Tax Bulletin 229, Wis. Dept. of Rev. (4/25). The Wisconsin Department of Revenue released a bulletin encouraging businesses and individuals that are not in compliance with Wisconsin tax laws to voluntarily come forward and participate in Wisconsin’s voluntary disclosure program, which applies to “multiple tax types and provides various benefits.” Listed among the potential benefits of participating in Wisconsin’s voluntary disclosure program are:
Allowing the taxpayer to remain anonymous while negotiating the voluntary disclosure agreement;
Waiver of negligence penalties (“usually 25% of tax”);
Reduction of the 18% delinquent interest rate to 12% (however, interest on Wisconsin withholding taxes, motor vehicle fuel floor taxes, and intoxicating liquor floor taxes cannot be reduced); and
Reduction in the number of years required to be filed (“usually four years”).
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