Voluntary Disclosure Program
Welcome to the Colorado Department of Revenue's Voluntary Disclosure home page. Everything you need to propose a voluntary disclosure agreement to the department may be found below. If, after reviewing any of this information , you have any questions, please call Shirley Stevens at (303) 205-8292, ext. 5250.
The minimum requirements for any agreement includes the filing of tax returns for any taxpayer once the agreement is reached. The process starts with the taxpayer or their representative downloading and reviewing these documents.
The company must then provide certain information, representations, and warranties as explained in the "Guide to Statement of Representations and Inducements." Additional details regarding this document can be found in the "Guide to Colorado's Voluntary Disclosure."
When the department receives the statement of representations and inducements it will review it and determine the terms of the agreement it is able to offer to the taxpayer. The Department will either request additional information or sign the agreement and send it back to the taxpayer or their representative for acceptance and signature.
The department requires a three-year look back period for sales and use tax and a four year look back for income tax. Because the taxpayer is coming forward voluntarily, the department will usually waive liabilities older than three or four years and will usually also waive any penalty assessment. These items are covered in greater detail in the voluntary disclosure guide, below.
If you participated in an abusive tax shelter and would like to amend your returns, click here to be redirected to the Multistate Tax Commission for more information. Or, click here to view the press release from the MTC. Voluntary participation in the MTC program could result in substantial penalty reduction.
Discovery Unit address:
Colorado Department of Revenue
Attention: Shirley Stevens
1375 Sherman Street, Room 634
Denver, CO 80261
- Guide to Colorado's Voluntary Disclosure
- Sample Voluntary Disclosure Agreement (This agreement or, when necessary, a slightly modified version of it, must be used for any disclosure agreement with the Colorado Department of Revenue. The agreement will normally be filled out by the State after review of the Company's Exhibit A.)
- Guide to Statement of Representations and Inducements (Exhibit A)
- Agreement for Registration and Payment of State Taxes (Exhibit B) (Statement of taxes covered by the agreement.)