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For official use only Receipt date : Application No. VMA 0 Voluntary Registration Scheme for Vehicle Maintenance Workshops Form 5 Application as a Registered Vehicle Maintenance Workshop Note 1. 5
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5 - voluntary refers to the voluntary disclosure program offered by the IRS for taxpayers who have undeclared foreign financial accounts or assets.
Taxpayers who have unreported foreign financial accounts or assets are required to file 5 - voluntary.
To fill out 5 - voluntary, taxpayers must submit a disclosure through the appropriate forms, typically Form 14457.
The purpose of 5 - voluntary is to encourage taxpayers to come forward and disclose any previously unreported foreign financial assets or accounts.
Taxpayers must report detailed information about their foreign financial accounts, including account numbers, financial institutions, and balances.
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