The New Jersey Division of Taxation has issued guidance regarding its Voluntary Disclosure Program to individual and business taxpayers. The program is intended for taxpayers who realize they have nexus in New Jersey or have an obligation to file taxes. Under the program, they can voluntarily come forward to file the appropriate tax returns and registration materials and pay any outstanding taxes. The benefit to the taxpayer is eligibility for the program’s terms, which include taxpayer anonymity until an agreement is reached as well as not having to pay late filing and late payment penalties. The look-back period for tax obligations is typically four years – the current year plus the prior three years. To be eligible for the program, several requirements must be met. First, the Division of Taxation or its agents must not have made previous contact with the taxpayer. The taxpayer must not already be registered for the taxes they are volunteering and the taxpayer must not currently be under criminal investigation. Finally, the taxpayer must be willing to pay outstanding taxes and file returns for the prior years within a reasonable period of time. (Voluntary Disclosure Program, New Jersey Division of Taxation, August 20, 2010)