Are You For or Against Amnesty?

by Andrew Johnson, CPA

Tax Amnesty Usually Means No Penalty -- Big Deal! You Still Owe the Tax!
What if I told you: You Can Get Out of the Whole Tax?

It seems like there’s constantly a tax amnesty being offered by some state somewhere. Amnesties can be a sweet deal, that is if you have the money to pay. That’s right, you’ll probably still have to pay the tax. Almost always when a state offers “amnesty” what they’re really offering is to waive the penalties (but not usually all or even some of the interest). Most companies are a little surprised to find this out until they realize what leverage the states really have. They have ways of finding you and in our experience it’s not usually IF they find you but WHEN. When they do find you and determine that you had nexus in their state but weren’t registered and filing tax returns with them, they will bring the hammer down.
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Can You Catch Nexus From Someone Else?

Is Nexus Contagious?
Are Third Parties Carriers of the Nexus Bug?

We subscribe to some of the best resources available today when it comes to state and local tax research. Chances are, whatever question you could possibly have, we can find the answer. Today, we thought it would be interesting to look at the actions of third parties and whether specific actions might cause you to have nexus in a given state. We say "might" because this article will be based on surveys conducted of state government officials and these answers come from them. You can expect them to be as aggressive as possible in asserting nexus, so take this with a grain of salt. But take it with a small grain of salt as the states seem to be successfully pushing the envelope on what's possible.

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How Far Back Can a State Go On Audit and How Long Should You Retain Your Records?

We subscribe to some of the best resources available today when it comes to state and local tax research. Chances are, whatever question you could possibly have, we can find the answer. Today, we thought it would be interesting to highlight the statute of limitations for various states and a corrollary issue of just how long you should retain your sales tax records.

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