Risk Avoidance Essentials: Fixing multistate tax mistakes before the state finds you…
About the Webinar:
Date: Tuesday, April 7, 2025
Time: 12 – 1 PM | Eastern
Many growing companies discover too late that they should have been filing taxes in states where they operate.
Sometimes it happens after expanding sales. Sometimes after hiring employees in new states. And sometimes after a routine nexus review.
When a state discovers the issue first, the consequences can be severe. Audits can go back many years, penalties accumulate quickly, and the process becomes far more expensive.
There is another path: Voluntary Disclosure Agreements
Most states offer a voluntary disclosure agreement program that allows businesses to proactively resolve past tax exposure before enforcement begins. In many cases, penalties are waived and the lookback period is limited.
In this session, our state and local tax professionals explain how these agreements work, when they make sense, and how companies evaluate whether the strategy is worth pursuing.
What You’ll Learn:
- How states discover unregistered businesses
- How far back audits can reach without a disclosure strategy
- When voluntary disclosure agreements (VDAs) reduce penalties and exposure
- Situations where a VDA can save significant tax liability
- When companies should not pursue a VDA
Who Should Attend:
- CFOs and controllers of companies selling into multiple states
- Companies that recently discovered nexus exposure
- Organizations preparing for a sale or due diligence review
- Anyone who wants to resolve tax exposure before a state audit begins
