Voluntary Disclosure Agreement Template - Arkansas Department Of Finance printable pdf download

Voluntary Disclosure Agreement Template - Arkansas Department Of Finance

Voluntary Disclosure Agreement

This Agreement is made by and between ________________________,

FEIN _______________ (hereinafter “Taxpayer”) and the Arkansas Department

of Finance and Administration (hereinafter “State”) and is effective on the date of

execution by the state.

Whereas, it is the duty of the State to administer the corporate income tax

imposed by Arkansas law; and

Whereas, the Taxpayer has heretofore not filed corporate income tax

returns and has not remitted these taxes to the State; and

Whereas, the Taxpayer has not been contacted by the State of Arkansas

for a corporate income tax audit or regarding its filing responsibilities for

corporate income tax; and

Whereas, the Taxpayer desires to voluntarily come into compliance with

Arkansas corporate income tax laws and be in good standing with the State.

Wherefore, the parties hereby mutually covenant and agree as follows

1. The parties agree that the activities and contacts of the Taxpayer

within the State of Arkansas are sufficient to require the Taxpayer to

comply with the Arkansas tax laws relating to corporate income tax for

tax periods beginning on or after

2. The Taxpayer agrees to file Arkansas Corporation Income Tax returns

for the periods commencing

and remit the tax due thereon. The Taxpayer further agrees to file

such returns and remit the tax due at the time required by law for

subsequent years.

3. The State will maintain the confidentiality of the agreement and will

treat this agreement as confidential tax information within the

provisions of Ark. Code Ann. § 26-18-303.

4. The State agrees to waive or not impose any civil penalties against the

taxpayer or its corporate officers for any period ending on or before

The State further agrees to not assert any criminal

penalties against the Taxpayer or its corporate officers for any periods

ending on or before

Voluntary Disclosure Agreement Template - Arkansas Department Of Finance