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Japanese Restaurant Owner Avoids Raw Tax Deal

CPA Practice

When taxpayers who don’t possess sufficient records are pushed to the brink, they may pull this tax-saver out of their back pocket. Facts of the new case: The taxpayer operated a Japanese hibachi and sushi restaurant in a leased space in an Alabama shopping mall. The returns were prepared by a professional.

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Tax Fraud Blotter: Who ya gonna call?

Accounting Today

Brown and other ghost preparers who worked with him falsified 63 federal income tax returns for clients, causing the Treasury to issue $1,003,631 in false tax refunds. He owned and operated We Are Taxes and boasted that "Everyone Gets a Check!" According to the IRS, the payroll taxes due on the wages totaled $2,048,182.

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Understanding use tax

TaxConnex

One quick explanation of the difference is an example from Alabama : The consumers use tax is imposed on tangible personal property brought into Alabama for storage, use, or consumption in the state when the seller did not collect seller’s use tax on the sale of the property. California state income tax return.”.

Alabama 246
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Alabama Amends Alabama Accountability Act – Increased Alabama Income Tax Credit Available

Dent Moses

Governor Ivey recently signed Senate Bill 261 into law, which increases the tax credit for contributions made to Scholarship Granting Organizations (“SGO”). Effective in 2022, an Alabama taxpayer may claim up to 100% of the individual’s Alabama tax liability for contributions made to an SGO, not to exceed $100,000 per year.

Alabama 98
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Risks of Non-Compliance

TaxConnex

SSVE and McCabe admitted their failure to collect and remit the full sales tax. Montgomery, Alabama: Two convenience store operators have pleaded guilty to failing to pay sales taxes. Under state law, businesses must report and pay sales taxes to the Alabama Department of Revenue monthly. An inconvenient truth.

Alabama 246
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Can an eCommerce platform alone manage sales tax?

TaxConnex

This applies in states where local jurisdictions have the authority to establish their own sales tax rules. Examples of states with home rule are Alabama, Louisiana, Illinois, Colorado and Alaska. Louisiana home-rule locations largely follow their state-wide tax treatment for TTP. For TPP, where did possession take place?

Sales 264
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Deadlines, Deadlines, Deadlines.Understanding the Nuances to Maintaining Your Sales Tax Calendar

TaxConnex

As a result, the New Jersey sales tax return is quite simple – requiring only the gross sales, exempt sales, taxable sales, and sales tax. Other states (for example California) have local taxes that are reported on the state return.

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