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ERC IRS Audit Representation: Your Comprehensive FAQ Guide

MyIRSRelief

ERC IRS Audit Representation: Your Comprehensive FAQ Guide The Employee Retention Credit (ERC) has been a lifeline for many businesses during challenging times, providing substantial relief. However, with the IRS actively scrutinizing ERC claims, it’s crucial for businesses to understand their rights and options when facing an audit.

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5 Common Sales Tax Mistakes That Can Put You At Risk for Non-Compliance

TaxConnex

Make sure you aren’t making these common mistakes to ensure you have sales tax in order and aren’t at risk for penalties and fees in the case of an audit. SaaS for example is subject to sales tax in many states and many services are taxable in states like Hawaii, South Dakota, and New Mexico. Misreading your nexus footprint.

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Sales tax and real property improvement services (part 1)

TaxConnex

We see this often in Arizona and Hawaii and with types of projects in North Carolina and Texas, among other examples.) Some subtractors are also pure service providers, but services can be taxable in some states, meaning that resale/exemption certificates could need to be issued for those services.

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What’s new in sales tax?

TaxConnex

It did, but the South Carolina Department of Revenue later audited Amazon and found that it had failed to adequately tax sales by third-party merchants. The five states with the lowest average combined rates are (the still technically NOMAD state of) Alaska (1.82%) as well as Hawaii (4.5%), Wyoming (5.44%), Maine (5.5%) and Wisconsin (5.7%).

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What is an IRS CP14 notice? Options for balance due for unpaid taxes

MyIRSRelief

EAs can also represent taxpayers before the IRS in audits, appeals, and collection proceedings. Tax lawyers can help you with a variety of tax issues, including: Audits Appeals Collection proceedings Criminal tax matters If you are facing a complex tax issue, it is important to seek help from a tax lawyer.

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What is an IRS CP14 notice? Help options for balance due for unpaid taxes

MyIRSRelief

EAs can also represent taxpayers before the IRS in audits, appeals, and collection proceedings. Tax lawyers can help you with a variety of tax issues, including: Audits Appeals Collection proceedings Criminal tax matters If you are facing a complex tax issue, it is important to seek help from a tax lawyer.

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Sales and Use Tax in 2020: A Look Back

TaxConnex

The year kicked off with some bold predictions of economic nexus laws continuing to change as more states were poised to enact economic nexus rules and marketplace facilitator laws started to proliferate (among them Hawaii and Illinois, with North Carolina to follow a month later). Learn more here. Learn more here. Learn more here.

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