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If you’ve underreported income, failed to report foreign accounts, or have unreported cryptocurrency transactions, the IRS Voluntary Disclosure Program (VDP) lets you voluntarily disclose and correct your tax returns without facing criminal prosecution. Our experienced tax attorneys have successfully guided clients through the VDP, minimizing penalties and protecting them from prosecution.
What Is the IRS Voluntary Disclosure Program?
The VDP allows taxpayers to proactively disclose willful noncompliance (e.g., unreported foreign income, offshore accounts, or other tax evasion) before the IRS discovers it. In exchange, the IRS generally:
- Forgoes criminal prosecution
- Reduces civil penalties (though some penalties still apply)
- Provides a structured way to come into compliance
It is not for innocent mistakes — it’s designed for those who knew they were non-compliant.
Who Should Use the Voluntary Disclosure Program?
You may need the VDP if you:
- Failed to report foreign bank accounts (FBAR violations)
- Underreported offshore income or assets
- Failed to report cryptocurrency gains or transactions
- Willfully underreported income or overstated deductions
- Received a notice or audit inquiry from the IRS
Important: Once the IRS starts an investigation, you are typically ineligible for the VDP.
How We Help You Through the Voluntary Disclosure Program
Our team handles every step with precision and confidentiality:
- Pre-Disclosure Analysis
- Prepare the Disclosure
- Submit to the IRS
- Negotiate Penalties
- Ensure Ongoing Compliance
Call expert
(209) 3091235
Write email
info@payurtaxes.com
Visit office
1401, 21st S7 Sacramento CA 95811
