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.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
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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