Sales Tax Prior Periods Resolution
We see on day to day basis all kind of sales tax issues that happen to companies. Many times those issues relate to prior sales & use tax periods. Some companies do not collect tax and realize it years after. Some companies collect and remit tax to the wrong state or jurisdiction. Some companies charge or self-accrue sales tax but do not remit.
We can assess your situation and get you on the path of doing it correctly in future periods. We can also provide you with action plan on how to fix prior periods issues without states raising red flags and going after your company. If you find it beneficial to go with a voluntary disclosure or tax amnesty program we can serve as intermediary between you and the state and negotiate your package without exposing yourself.
We have been very successful in negotiating limited periods look-back and waiver of penalties saving companies thousands of dollars. Contact Sales Tax Accountants today for initial free sales tax assessment over the phone.
- Prior Period Sales Tax Review
- Correct the course sales tax guidance
- Action plan on resolving prior periods
- Penalties and limited periods look-back negotiation
Please also read article: Multistate Businesses Voluntary Disclosure Agreements and Tax Amnesty.
Sales Tax Accountants Inc. All Rights Reserved 2011
Legal Disclaimer: This publication is designed to distribute general tax information as a free service to clients and friends of Sales Tax Accountants. The information contained herein is not for resale. Applicable laws and regulations may vary by state and your specific facts or circumstances. Due to the ever-changing nature of laws and regulations, there may be omissions, delays or inaccuracies in the information contained in this article. Therefore, the information herein is not to be considered tax advice nor a substitute for consulting with professionals who are familiar with your particular factual situation. No client, advisory, fiduciary or professional relationship is implied or established. Please contact Sales Tax Accountants consultant to discuss the impact of this information on your particular situation.