Type of Program:
Voluntary Compliance InitiativeWhen:
Program ended on April 1, 2005.Who Can Apply:
Any individual or business that participated in a tax shelter and did not disclose the tax shelter on their Arizona tax return.Relief Provided:
Waives additional penalties for full payment by May 13, 2005.Requirements:
Submit Voluntary Compliance Initiative application (Form AZ-VCI) and an amended state and federal tax return by April 1, 2005. Full payment of additional taxes and interest by May 13, 2005, or set up an installment agreement.What if I don't participate:
Taxpayers risk being discovered by Arizona's normal compliance process. Taxpayers, if discovered, will be subject to penalties of up to 75% for participating in undisclosed tax shelter arrangements.Program does not apply to:
Individuals or businesses who have not filed an Arizona tax return. If you have not filed a return, you need to apply for tax relief under the Arizona Voluntary Disclosure Program.Website:
Arizona Voluntary Compliance Initiative
