The place to find business sales tax information

— as well as solutions, services and jobs!

I just found out that my company is supposed to be collecting sales tax. We have never collected (nor remitted) sales tax. What do we do now?

Full Question: I just found out that my company is supposed to be collecting sales tax. We have never collected sales tax,therefore never remitted to the state. What do we do now?

Brought to you by:

NOTE: This site does NOT provide client-specific tax advice. Information provided is general and may NOT apply to your particular situation. Do NOT take any action based upon any site content until you have received advice from an independent, qualified tax practitioner with whom you have a professional-client relationship. All content is subject to our disclaimer.

Answer:

Diane Yetter photoIf you have determined you have a prior period liability, most states including OH offer the opportunity to enter into settlement agreements which are typically referred to as Voluntary Disclosure Agreements (VDA's). It is typical that a third party such as an accountant, consultant or lawyer assist with at least the initial approach to negotiate the terms. Usually waiver of penalty is included unless tax was collected. Tax and interest is typically due for the last 3-5 years and all prior periods are waived. We can assist you with this service if you are interested.

(Not quite what you need? View SALES TAX QUESTIONS home page to access other topics or use site-wide SEARCH in upper right)

Disclaimer:

Access to any portion of SalesTaxSupport.com is contingent upon your acceptance of our Terms of Use. This Web Site and content provided by STS Publishing, LLC and its third party content providers, including, but not limited to information, documents, forms, comments, advice and opinions, is for informational purposes only, and is not a substitute for professional advice, nor does the use of this Web Site constitute a professional-client relationship. The Web-Site also includes advertisements, directory listings, job postings and links to third party web sites, all of which are provided for your convenience only and in no way constitute a referral, endorsement, or warranty by SalesTaxSupport.com of any product or service provided by such third parties. All content is provided “as is” with no guarantee regarding accuracy, suitability, or timeliness. Your reliance on any content accessed on or through the Web Site, or on any product or service provider is strictly at your own risk.