Department of Revenue Sales Tax Audits – Local Sales Tax Experts – Florida
We are staffed with Board Certified Tax Attorneys, Sales Tax Lawyers, CPA’s and Former Agents that can take away your worry today.
Being Former Agents we know all the policies and procedures. Use of years of experience to work for you.
Call us for a no cost consult and here the truth from a reputable and affordable tax firm. Practicing IRS and State Tax Representation since 1982 in the State of Florida. 1-866-700-1040.
With the Department of Revenue being short of funds, the only way to fund the State of Florida needs if to collect back taxes with that said the number of Sales Tax Audits for the State of Florida will be on the rise for years to come.
We have handled thousands of taxpayer cases since 1982. We are Sales Tax Experts and can handle any tax issues you may have.
Should you owe money to the State of Florida Department of Revenue we can also work out a tax settlement and your back taxes.
Why the State Of Florida Audits Tax Returns
a. To enforce Florida tax laws uniformly to all taxpayers,
b. To deter tax evasion,
c. To promote voluntary compliance for all taxpayers,
d. To educate taxpayers and enforce the tax laws.
Most Tax Returns are accepted as Filed
While they accept most State of Florida tax returns as filed, the State audits some returns to verify accuracy and evaluate compliance. The State has mandatory audit requirements.
Tax audits many times do not always result in the taxpayer owing additional tax, penalty or interest. The tax auditor may adjust a credit carryover or correct distribution without assessing additional tax. The Sales Tax Auditor may even determine that a refund is due.
How and Why Are Taxpayers /Businesses are Selected for Sales Tax Audit?
The methods for selecting a business or individual to audit vary from tax to tax.
Here are some examples of sources the State of Florida may use to identify a potential audit candidate:
1.Internal Revenue Service information.The Federal Government can share results of there tax audits.
2 .Information sharing programs with other states and state agencies. On large cases this is the norm.
3. Computer-based random selection. YES, YOU CAN WIN THE AUDIT LOTTERY.
4. Analysis of Florida tax return information.
5. Business publications, periodicals, journals, and directories.
What Types of Records Will I Need to Provide?
When the State notifies you of our intent to audit, they will also tell you what records you will need to provide. The types of records may include, but are not limited to:
a. General ledgers and journals,
b. Cash receipt and disbursement journals,
c. Purchase and sales journals,
d. Sales tax exemption or resale certificates,
e. All related Florida tax returns,
f. Federal tax returns and documentation,
g. Depreciation schedules and such,
h. Property records,
i. Other documentation to verify amounts entered on all tax returns. The State can ask for anything related to your tax return.
Three year record keeping rule.
You must keep your records for three years since an audit can extend back that far.
The Department of Revenue may audit for periods longer than three years if you did not file, or filed a substantially incorrect return or payment.
What Are Your Rights During an Audit?
The Florida Taxpayer’s Bill of Rights provides protection for taxpayers’ privacy and assets during their interactions with Revenue employees.
Your tax rights include:
a. The right to fair treatment from the auditor and the State,
b. The right to get available information and prompt, accurate responses to your questions,
c. The right to have the Department begin and complete its audit in a timely manner after we notify you of our intent to audit,
d. The right to get simple, non-technical statements which explain the reason for audit selection and the procedures, remedies, and rights available during audit, appeals, and collection proceedings. You always have the right to speak to managers and supervisors upon request.
Call us today for a free tax consult and get solid, honest and trustworthy tax advice and treatment. 1-866-700-1040
