The operation of businesses in California heavily depends on sales tax implementation. A business needs to collect sales tax from its customers before reporting those transactions to the CDTFA. A business can have to report failures for sales tax, which creates variances between its fiscal documents. A business incurs unreported sales tax when it fails to disclose all taxable revenue to officials through declaration or non-filing.
Leading Tax Group understands fully the complexity that arises from dealing with unreported sales taxes. Failure to report sales tax to the California Department of Tax and Fee Administration (CDTFA) stands to create severe outcomes, no matter if it happened through oversight or because of misunderstanding or mistaken actions. The experienced personnel at our firm help businesses manage complex sales tax requirements and solve their CDTFA compliance problems with high efficiency.
If you are interested in a tax settlement or if you have received a settlement offer from the IRS, now is the time to call Leading Tax Group. Our tax settlement professionals (whom include former IRS tax attorneys) are always ready to work with you and provide you with the information and representation you need.
800-900-4250
Failure to report or inaccurate reporting of sales tax to CDTFA will have negative consequences for your business operation. The CDTFA runs active sales tax filing surveillance that leads to audits and investigations whenever there are discrepancies observed. When the CDTFA detects unreported sales tax they will impose substantial fines together with penalties and charges for late payment on the unpaid amounts.
When companies persistently report inaccurate sales tax, their business could incur criminal penalties and develop a risk of legal intervention. A business can face severe financial challenges as well as significant reputation damage when it resolves unpaid sales tax. Organizations must resolve these problems in their early stages because unresolved issues easily worsen.
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Leading Tax Group dedicates its expertise to helping organizations dealing with unreported sales tax problems before the CDTFA. The tax professionals, along with attorneys at our firm, perform detailed examinations of your sales documentation as well as tax submissions to track down possible errors. The team of Tax Attorneys at Leading Tax Group will collaborate with you on identifying the core reasons behind your problem and then designing specific solutions to fix it.
Our firm works to achieve your business needs through negotiation with the CDTFA, which results in low penalties alongside reduced interest and potential installment plans. With guidance on negotiation, the Tax Attorneys can help the client resolve the complex issues of sales tax and, thus, providing relief from stress and financial burden and also stopping the waste of time.
Headquartered in Encino, California with multiple local branch offices in your backyard to serve you at your convenience. Leading Tax Group can schedule a face to face consultation to represent your case with the IRS, FTB, EDD, as well as CDTFA Audits.
Reporting of sales tax is a law that is present in the state of California. Therefore, failing to do that can lead to penalties and fines.
There can be exorbitant fines or potential criminal charges if the authority finds the act is intentional and can put the case of tax evasion, which leads to jail time.
A tax professional can guide a person in this manner as they can present the case in front of CDTFA. It might help a taxpayer to reduce the tax bills and also to seek concession at the time of payment.
Yes, voluntary disclosure is allowed to correct the wrong tax files, and thus, it helps a person to reduce the chances of penalties.
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800-900-4250