Sales Tax Attorney Des Plaines
Illinois’ Aggressive Sales Tax Enforcement The state of Illinois is broke and is looking for revenues, penalties, and interest. Unfortunately, many business owners have been underreporting their sales tax and in essence embezzling the government’s money. It’s a catch-22 when your business is failing because your property taxes keep going up, but you have to […]
Bar Sales Tax Audit Attorney Morton Grove
Understanding Bar Sales Tax Audits in Illinois If you own a bar in Illinois, then you might be subject to an even more fickle and unpredictable sales tax audit. You will hear about this thing called a pour test. A Real-Life Example Here is our story: The system our client uses is called a Berg […]
Sales Tax Attorney Naperville
Understanding Taxpayer and Tax Collector Roles Whenever you live in a bordering county, you are affected as both a taxpayer and a tax collector: Taxpayer: A consumer of goods Tax Collector: A business owner responsible for collecting the correct sales tax from customers How does this all play out? How is this even a big […]
Elmhurst Sales Tax Rebate Violation
Note The home rule sales tax rate increased to 1.00% for Elmhurst sales tax. City Lawsuit Against Lucky Motors The City of Elmhurst is suing Lucky Motors, claiming the car dealership violated their shared sales tax rebate agreement. Rebate Agreement Details The agreement, originally made in 2010, included the following terms: Relocation Clause The agreement […]
Illinois Department of Revenue Sales Tax Payment Plan
Overview If you have a substantial amount of sales tax owed to the State, you are probably thinking about getting on a payment plan. Payment plans are never a one-size-fits-all policy with the State as they tend to be with the IRS. For example, the IRS will give a taxpayer a 60-month streamline payment plan […]
Liquid Nicotine Product Sales Tax
Tax Overview The Liquid Nicotine Product Tax is imposed on the retail sale of liquid nicotine products in the City. Retailer & Wholesaler Requirements Retailers All retailers of liquid nicotine products must file a Floor Tax return on or before January 25, 2016. Wholesalers All wholesalers of liquid nicotine products must register with the Department […]
Illinois Sales Tax and Construction Contractors
When Are Sales to Construction Contractors Taxable? Anybody that has a profit-seeking motive in the construction business will be interested in knowing when sales tax applies to construction contractors. Persons who engage in selling tools, equipment, fuel, supplies, and other tangible personal property to construction contractors, real estate developers, or speculative builders for use or […]
Illinois Sales Tax Audit Defense Attorney
Illinois Sales Tax and Construction Contractors When Are Sales to Construction Contractors Taxable? Anybody that has a profit-seeking motive in the construction business will be interested in knowing when sales tax applies to construction contractors. Persons who engage in selling tools, equipment, fuel, supplies, and other tangible personal property to construction contractors, real estate developers, […]
Sampling Method Used in Illinois Sales Tax Audits
Does Sampling Make Any Sense? Sampling? Does it make any sense at all that the Auditor would audit your sales, then, when it came time to look through all of your books and records, they would only pick 1–3 months out of a given year and then estimate the sales and profits for the entire […]
Illinois Sales Tax Statute of Limitations
No Forgiveness, No Expiry Would it not be nice if the state of Illinois forgave sales tax debt? Would it be even nicer if they simply let the old debt fall off of your record?Unfortunately, with the deficit and budget shortfall, don’t expect this to happen in your lifetime. When the Clock Doesn’t Run No […]