Interest on voluntary disclosure permits deferred tax payment with simple interest; nonpayment within the cure period voids the declaration. Declarants may file a voluntary disclosure without immediate payment and may pay the tax within a prescribed cure period together with simple interest ... Summary
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Interest on voluntary disclosure permits deferred tax payment with simple interest; nonpayment within the cure period voids the declaration.
Declarants may file a voluntary disclosure without immediate payment and may pay the tax within a prescribed cure period together with simple interest calculated monthly from filing to payment, provided proof of payment is filed within that period; failure to pay and file proof within the cure period causes the declaration to be treated as never made under the scheme.
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