Can You Reduce Sales Tax Liability After An Audit is Closed?
Can You Reduce a Sales Tax Assessment After Audit?
Yes, when you understand the intricacies of Sales Tax Law.
Just this week we closed a file we’d been working on for some time for a Software Company. It wasn’t an easy one. We were contacted after the Sales Tax Audit was closed by the President of the company. He was facing a sizable Sales Tax Assessment that he would have to pay, even though he no longer owned the company. His inability to pay within agreed timeline led to collections. The $140,000 Sales Tax Assessment remained outstanding and financial assets of the President of the company had been seized. His situation was dire.
How we Reduced $140,000 Sales Tax Liability to $18,000
Not only were we able to have the state re-open the audit file for this software company, we were able to negotiate the release of the owner’s assets, and reduced his Sales Tax Liability from $140,000 to $18,000 by leveraging a little-known tax policy that his financial adviser, accountant and attorney had no knowledge of.
Do you need help with a Sales Tax Issue?
There is hope for those facing seemingly insurmountable sales tax bills. You just have to know where to turn for help. It’s no coincidence that CPA’s, Accountants and Tax Attorneys refer their Audit cases to RK Miller Associates. We leverage our extensive knowledge of State Sales Tax Law, and professional experience in Sales Tax Auditing to help our clients recover from Sales Tax burdens, aggressively, ethically and legally.
3 Tips for Those Facing Huge Sales Tax Assessments:
- Never face a Sales Tax Audit without an expert in your corner.
- Never accept a Sales Tax Assessment without fully exploring your situation with an expert…there are often sales tax laws, policies and opinions (just like civil law and income tax) that you, nor your accountant or attorney will have knowledge of.
- Even if your Sales Tax Audit is closed, or you are in collections, you too may be able to reduce your liability, keep your business in operation, and go on with your life.
We work to Reduce Sales Tax Assessments of organizations facing State Sales Tax Audit in any state, and specialize in New York State Sales Tax Audit Representation and Negotiation.
Contact us to learn more, we will work hard to achieve the best possible outcome for you.
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