Establishes a Digital Assets Voluntary Disclosure Program for taxpayers to remedy digital assets violations.
The Digital Assets Voluntary Disclosure Program Act establishes a program for eligible taxpayers to remedy digital assets violations. Eligible taxpayers can submit an application to participate, file amended returns, and pay penalties to avoid criminal investigation or prosecution. The Secretary may waive penalties if it is in the interests of justice. The program includes specific rules for uncertified and certified eligible taxpayers, with different penalty rates and requirements.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.