Article: Tennessee Taxpayers Should Consider Business Tax VDA Program.(voluntary disclosure agreements)

The Tennessee Department of Revenue (TDOR) issued an Important Notice recently that indicates that TDOR will enter into voluntary disclosure agreements (VDAs) with taxpayers who have not registered for, or who have not been remitting, Tennessee business license tax - Tennessee's locally-imposed gross receipts tax. Traditionally, the business tax has been administered by county clerks and municipal tax-collecting officials, but the Tennessee General Assembly passed legislation earlier this year transferring the administration of the tax to TDOR. It is anticipated that centralized administration will generate more revenue because TDOR can better enforce compliance by ...

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