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Connecticut Announces Offshore Voluntary Disclosure Program |
October 13, 2009
Previously published on October 2009
On September 28, 2009, the Connecticut Department of Revenue Services ("Department") announced its Offshore Voluntary Disclosure Program, which will run through January 15, 2010. The Department's Special Notice 2009(5) ("Notice") provides 14 questions and answers to explain the new program. It is similar to the Department's long-standing Voluntary Disclosure Program except that the Offshore Voluntary Disclosure Program permits participation by taxpayers who are already under audit by the Department. In the traditional program, taxpayers are ineligible to participate if there was "a previous contact of any kind by the Department." (Both of these programs are unrelated to Connecticut's recent tax amnesty, which expired June 25, 2009; see GT Alert, Connecticut Offers Taxpayers a Short-Term Tax Amnesty Program.)
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