Filing Requirements 17. Does Voluntary Disclosure apply to the Corporate Income Tax (CIT)?
Yes, the Department is required to administer the CIT under the Revenue Act, 1941 PA 122. See MCL 206.693(1). Voluntary Disclosure agreements are provided for under the Revenue Act at MCL 205.30c. The State Treasurer, or a representative, is authorized to enter into a voluntary disclosure agreement with non-filers that have a nexus filing responsibility and who meet certain other statutory criteria. Under a voluntary disclosure agreement, eligible persons may file returns and pay taxes and interest for a limited lookback period of four years without imposition of penalties, in exchange for future tax compliance.
While Voluntary Disclosure will continue with the CIT, a taxpayer must still meet the statutory qualifications to enter into an agreement.