WHAT TO DO WHEN YOU OWE SALES TAX TO THE GOVERNMENT

Mark Stone

Sales Tax Defense LLC

Thursday, May 06, 2021 | 11:00 AM EST

  • AFSP
  • CPA
  • CVA
  • EA
  • Tax Pros
  • CTEC
  • CFE

1 CPE | 1 CE

FREE

Subject Area

Taxes

Webinar Qualifies For

1 CPE credit of Taxes for all CPAs

1 CPE credit for Certified Fraud Examiners (CFEs)

1 CPD credit (Verifiable) for Certified Valuation Analyst (CVA)

1 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273)

1 CE credit of Federal Tax for Oregon Tax Preparers

1 CE credit of Federal Tax for Maryland Tax Preparers

1 CE credit of Federal Tax for Enrolled Agents ( IRS Approved : GEHNZ )

1 CE credit of Annual Filing Season program (AFSP)( IRS Approved : GEHNZ )

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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Course Description

If you owe the government money for unpaid sales and use taxes, it is possible to get a payment plan with them. These payment plans are commonly called Installment Payment Agreements (IPAs.) The government may require a significant amount of corporate and personal financial disclosures prior to agreeing to an installment payment agreement. In addition, the government often files a tax lien against you to secure the tax debt.

This webinar is designed to provide the audience with a basic understanding of what to do when sales tax is owed to the government. We will also go over what the government will do if you cannot pay the sales tax, how to resolve a sales tax bill with the government, and the due diligence required when purchasing a business. 

Key topics: 

  • Does the government offer payment plans? 
  • For how long do penalties and interest continue to accrue? 
  • Will the government waive penalties and interest? 
  • Will the government settle with me if I cannot afford the whole amount due? 
  • If I know I made a mistake, can I come forward voluntarily to avoid a problem? 
  • Does the government offer amnesty? 
  • What will the government do if the company does not pay a sales tax bill? 
  • What types of collection action does the government take? 
  • Does my sales tax bill expire? 
  • If I am buying a company, what due diligence must I perform related to sales tax?

Learning Objectives

  • To discuss what to do when sales tax is owed to the government
  • To discuss what the government will do if you cannot pay the sales tax
  • To analyze how to resolve a sales tax bill with the government
  • To examine due diligence required when purchasing a business.

Who Should Attend?

  • Tax Attorney
  • Tax Practitioners
  • Accountant
  • CPA - Small Firm
  • CPA - Mid Size Firm
  • Accounting Firm
  • Tax Pros
  • CPA (Industry)
  • Tax Firm
  • Young CPA
  • Tax Director (Industry)
  • Tax Managers
  • Accounting Managers
  • Tax Preparer
  • Bookkeepers & Accountants & Tax Preparers
  • Tax Professionals