The IRS reopened October 17, 2013, after 16 days of closure due to the lapse in appropriations that began Oct. 1. During the shutdown, all IRS audits and examinations were suspended, as was all nonautomated collection activity, but the government stated that IRS criminal law enforcement and undercover operations were not suspended. The shutdown did… CONTINUE
2012 IRS Offer Rules Not a Big Deal Unless You Have No Assets
We are getting questions as to how much help clients with substantial assets will actually get from the new offer in compromise rules the IRS announced on May 21, 2012. Here is a short answer which well sums it up. The new IRS offer in compromise rules will lower the cost of an offer for almost… CONTINUE
RETAILERS: DON’T RISK LOSING THE NON-RESIDENT SALES TAX EXEMPTION
Retailers selling in areas of Washington State with high tourist traffic often make sales to nonresidents who claim they are exempt from Washington sales tax. While a retailer is not required to make a sale without charging tax, most find it is good business to do so. But, while it is easy to give the… CONTINUE
Out of State Businesses Selling into Washington State Take Notice.
PL 86-272 does not apply in Washington Most businesses selling products across state lines are aware of PL 86-272, which is a U.S. statute that allows a business to go, or send representatives, into a state to solicit orders for goods without being subject to a net income tax. Because over 90% of states have… CONTINUE
Washington State’s Trust Fund Accountability Assessment
What is it and what can you do if you are a target? Prior to Washington’s enactment of the Trust Fund Accountability Assessment in 1987 (TFAA), a corporation which had collected sales tax but had not paid it over to the state could usually close its doors, with its owners and employees having no personal… CONTINUE