To encourage taxpayers to voluntarily correct overdue tax liabilities and comply with the Tax Law in the future, Chapter 57 of the Laws of 2008 added section 1700 of Article 36 to the Tax Law which establishes the Voluntary Disclosure and Compliance (VDC) program. This program is designed to encourage eligible taxpayers who owe back taxes, regardless of the reason, to voluntarily disclose tax liabilities that are not currently known to the Tax Department. The significant incentives provided by the VDC program to eligible taxpayers who participate in the program and comply with its requirements include protection from possible criminal tax prosecution and the avoidance of civil penalties.

• Up-to-Date Information Affecting Your 2007 Tax Return

Visit our Income Tax and Corporation Tax  Up-to-Date Information page for tax law changes or corrections that occurred after the forms and instructions were printed and which may affect your 2007 tax return.