Streamlined OVDP OVDI FBAR Atlanta
2014 Streamlined OVDP (OVDI) Voluntary Disclosure Option Under the 2012 OVDP programs, and prior OVDI programs, there was a streamlined procedure that allowed for a complete waiver of all offshore penalties, but was only available to non-residents who meet certain conditions. This prior Streamlined OVDP program was replaced with the 2014 Streamlined Filing Compliance Procedures. […]
Illinois Bakery Sales Tax Audit
Overview The Illinois Department of Revenue has issued a letter ruling that clarifies which rate of tax should be used by a bakery that sells both: Key Clarification Bakery items prepared by the bakery can be taxed at the lower rate if the following conditions are met: 1. Physically Separated Areas The area for on-premises […]