As published in the Winter Park/Maitland Observer, Thursday Jan. 3, 2012 Edition Offers... Read More »
Articles in category 'Florida Tax Audits'
Win big in the office Super Bowl pool? Don’t forget to tell the IRS
We have all done it. Participated in the office pool for the Super Bowl. I once won $250 a few years back by betting $20 on my team to win. Should I have reported those winnings to the IRS? Good question. According to Kay Bell, tax blogger for this recent article published by bankrate.com, I…
Read Full Article Categorized in: Accounting, Articles, Florida Tax Audits, Individual Tax Returns, IRS Audits, Penalties, Tax Advice, Tax Return Preparation, Tax Tips, Uncategorized, Voluntary disclosureThe Failure to Remit Collected Sales Tax is a Felony
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…
Read Full Article Categorized in: Criminal Tax, Florida Sales Tax, Florida Tax Audits, Tax Tutorials, Theft of State FundsFlorida Tax Audits: 10 Dos and Don’ts
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…
Read Full Article Categorized in: Florida Sales Tax, Florida Tax Audits, Florida Taxpayer Rights, Tax TutorialsState Tax Audits: What to do When You Get a Florida Audit Notice
With good reason Floridians dread getting a notice from the Department of Revenue (DOR) saying that their business has been selected for tax audit. Usually this means the State will attempt to determine whether or not you under-reported your taxable sales, over-reported your exempt sales or underpaid your sales tax. In addition, while they are poking through your records, they…
Read Full Article Categorized in: Florida Tax Audits, Tax TutorialsWhat is Florida’s Tax Audit Process?
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…
Read Full Article Categorized in: Florida Sales Tax, Florida Tax AuditsWhy Have I Been Audited?
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…
Read Full Article Categorized in: Florida Sales Tax, Florida Tax AuditsWhat are My Rights in a Florida Tax Audit?
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…
Read Full Article Categorized in: Florida Sales Tax, Florida Tax Audits, Florida Taxpayer RightsFlorida Tax Problems Center
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…
Read Full Article Categorized in: Florida Sales Tax, Florida Tax Audits, Florida Taxpayer Rights