One of the worse things cash-strapped business owners can do is collect sales tax from their customers and then use that money to pay other business expenses. The state of Florida calls this Theft of State Funds and it’s a felony. The reason for this is obvious: Business owners who apply for a Florida sales [...]

After your Florida comprehensive tax audit has begun there are several things you should do and several you should not do in order to make the audit go as smoothly as possible and minimize your chances that the Florida tax examiner will make an assessment against you: Let’s start with the don’ts: Don’t make abstract [...]

The Minnesota Sun reports that the owner of the King of Diamonds strip club in Inver Grove Heights pleaded guilty in federal court to one count of filing a false income tax return Thursday, Dec. 11. According to information from the U.S. Department of Justice, 65 year old Lawrence Frank Kladek, enter his guilty plea [...]

Like the IRS, the Florida Department or Revenue generally audits Florida residents and Florida businesses because they have reason to believe they may not be in compliance with the tax laws. Florida’s Audit Selection Process The DOR uses a variety of strategies for collecting information about Florida residents and businesses. Here are some of the [...]

The State of Florida website says that a tax audit, [S]hould be an educational experience to provide an understanding of your responsibilities and rights under Florida tax laws. It should not be a frustrating, time-consuming experience. Although an audit is an enforcement tool to ensure tax compliance, it can help businesses identify and correct bookkeeping [...]

The 1992 Florida Legislature passed legislation creating the Taxpayer’s Bill of Rights. It is a single document that explains, in simple and non-technical terms, the rights and obligations of both the taxpayer and the department. The basic taxpayer rights, as granted by section 213.015, Florida Statutes, are: 1. Right to be Informed: The right to [...]

How to Handle a Florida Department of Revenue Sales and Use Tax Audit What to do When You Get a Florida Audit Notice What is Florida’s Tax Audit Process What are My Rights in a Florida Audit 10 Dos and Don’ts How to Handle Cases Involving the Failure to Remit Collected Sales Tax Payments The Failure to [...]