Episode - 169 How To Correct Past Sales Tax Non Compliance

The SALTcast

In this conversation we discuss amnesty programs, non-compliance, and remedies for businesses that need to become compliant with sales tax regulations. We emphasize the importance of understanding nexus and taxability, as well as seeking second opinions to avoid bad advice. We explore the pros and cons of registration and voluntary disclosure agreements as methods for achieving compliance. Our conversation concludes with a discussion on the value of educational and informative calls to help businesses make informed decisions and find peace of mind in their sales tax compliance.

Takeaways

• Amnesty programs that offer limited look back periods and waive penalties and interest are not commonly seen in the current sales tax landscape.
• Businesses often find themselves in non-compliant situations due to lack of awareness or denial of their sales tax responsibilities.
• The two main remedies for non-compliance are registration and participation in voluntary disclosure agreements.
• It is important to seek second opinions and collaborate with trusted advisors to avoid bad advice and make informed decisions.
• Facing compliance and getting a second opinion can help businesses achieve peace of mind and mitigate potential liabilities.

Chapters

00:00
Amnesty Programs and Limited Look Back

06:22
Recognizing Non-Compliance and Bad Advice

08:23
Understanding Nexus and Taxability

14:43
Remedies for Non-Compliance: Registration and Voluntary Disclosure Agreements

25:17
Avoiding Bad Advice and Seeking Second Opinions

28:20
The Importance of Facing Compliance and Getting a Second Opinion

32:38
Choosing Between Voluntary Disclosure Agreements and Registration

33:06
Educational and Informative What's Next Calls

34:09
Promoting Peace of Mind and Contacting The Sales Tax People