7 Consequences of Failing to Pay State Sales Tax

 By Karen Tenenbaum, Esq., LL.M. (Tax), CPA

It is not uncommon for restaurants to suffer cashflow problems because of low profit margins. Unfortunately, they may use sales tax money owed to the state to pay other bills. When a business fails to properly track, collect and pay sales tax, the state has various enforcement tools to go after the business, including the following:

  1. Collection action against income and assets. The tax department can go after bank accounts, real or...
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