Wednesday, July 25, 2007
Penalities on the Rise
We are noticing a recent upsurge in States implimenting penalties. The reasoning behind these fines is the fact that penalties increase taxpayer compliance, and penalities provide the State with additional revenue. Keep in mind that states do not always use penalties reasonably, and you have the right to attempt to abate such fines. A Sales & Use Tax specialist can help assess and abate penalties and interest.
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