Sales tax audits can be particularly costly to taxpayers, especially those that do not maintain adequate books and records. In addition to the additional tax due, sales tax redeterminations may also lead to information sharing with the IRS and the Franchise Tax Board. This could potentially trigger other audits or lead to a presumption that income has been understated. In addition, the State Board of Equalization can revoke your sellers permit, shutting down your business operations by making it a crime to continue to resell goods. If you continue sales, you may be charged with a misdemeanor.
Sales tax issues may be extremely complicated. If you have any questions or if we can further assist you, please contact our California Sales Tax Attorneys in San Diego, Orange County, and Beverly Hills.
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