United States

Multistate: Dates for MTC Voluntary Disclosure Initiative Extended

Oct 16, 2017
From KPMG TaxWatch

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After holding a recent emergency meeting, the Multistate Tax Commission (MTC) has decided to extend the deadline for entering into its limited-time voluntary disclosure initiative. The original application deadline of October 17, 2017 has been extended until November 1, 2017. Recall, this initiative applies to certain online sellers that use marketplace providers/facilitators to facilitate making retail sales into the state and have established nexus by virtue of those contacts. Most participating states have agreed to forego any tax, penalty and interest for prior periods in return for participating sellers beginning to collect and remit sales and use tax by a certain date and beginning to file income/franchise tax returns for the 2017 tax year. At the recent emergency meeting, the MTC also revised the time frame under which a seller must register with a participating state from December 1, 2017 to 30 days after the taxpayer receives notice that the taxing state has signed a voluntary disclosure agreement (even if registration occurs after December 1, 2017). To date, the MTC indicates it has received roughly 300 VDA applications as part of the program. The official list of participating states and procedural guidelines are posted on the MTC’s website and can be accessed here


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The following information is not intended to be "written advice concerning one or more federal tax matters" subject to the requirements of section 10.37(a)(2) of Treasury Department Circular 230.

The information contained herein is of a general nature and based on authorities that are subject to change. Applicability of the information to specific situations should be determined through consultation with your tax adviser.