# Voluntary disclosure agreement

> Voluntary disclosure agreement — An agreement in which a business with unfiled state tax obligations comes forward before the state contacts it — often anonymously at first — and files and pays a limited lookback period, typically three to four years, with penalties waived and interest usually due.

Source: https://lopifi.com/glossary/voluntary-disclosure-agreement
Part of: Lopifi — US GAAP books on autopilot, reviewed by a CPA (https://lopifi.com)

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**What is voluntary disclosure agreement?** In accounting, voluntary disclosure agreement means an agreement in which a business with unfiled state tax obligations comes forward before the state contacts it — often anonymously at first — and files and pays a limited lookback period, typically three to four years, with penalties waived and interest usually due.

## Also known as

- VDA

## Words this system refuses for it

- amnesty (a time-limited program)
- audit settlement

- **Category:** Tax
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)
- **Related:** period