I have a business in California and have not paid sales tax for 97,98,99,00.01 The business is shoe string and has only had aprox. 7,000 gross sales per year. No filings have been done at all for this business. I was told that if you do not make atleast $10,000.00 per year that you do not have to file federal or state tax returns. Its obvious that sales tax should of been paid so what should I do at this point. There has been a call from state asking why no filings are showing up.
Will the state seize the business and bank accounts or will I be able to file and make payment plan to pay the owed sales taxes and penalties?
Its even more complicated the business is not a sole proprietor business but is owned by a Delaware Corporation.
Will the state seize the business and bank accounts or will I be able to file and make payment plan to pay the owed sales taxes and penalties?
Its even more complicated the business is not a sole proprietor business but is owned by a Delaware Corporation.