IRS Voluntary Disclosure Program Still Risky as Overhaul Drops Form 14457 Willfulness Checkbox

Key TakeawaysThe IRS expects to announce a revised Voluntary Disclosure Program later in 2026.The draft would replace the 75% civil-fraud penalty with a 20% accuracy-related penalty for each year in the six-year disclosure period.Conditional approval could start a three-month compliance deadline

Originally reported by VisaVerge

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