My small Business forgot to record an invoice for a sale from last June 2011 in Quickbooks. The tax was never paid by the business to the state. How do we go about paying it now?
Below is wording on the North Caroline website:
"How to Amend Your Return
If you discover that you have made an error on a sales and use tax report previously filed with the Department, you should amend the return.
You can use a copy of your original return or one of the additional report forms provided in the back of your sales and use tax payment forms booklet to make the corrections to the applicable period. The report form should be marked "AMENDED" and forwarded to the Department with any additional tax, penalty and interest due."
I would suggest you follow the procedure above for which I have provided a link. Or, you could just add the sales tax to the current filings. Better to amend in my opinion.
Marty Davidoff, [email protected], 732-274-1600. This answer is provided for general information only. You should seek advice from an attorney or tax professional.
Mistakes happen all the time, especially in the sales tax arena. The prior answer for amending the return is a good one. I would suggest filing an amended return along with a check for the sales tax collected but not remitted. Attach a letter to the amended return asking for a calculation of any interest that is due and request abatement of any penalties because you discovered the error yourself and are coming forward without being contacted by the state. You'll get a letter back from the state telling you what else you owe, if anything. Keep a copy of all this with your sales tax records.
I hope this answer helps.
Years licensed, work experience, educationLegal community recognition
Peer endorsements, associations, awardsLegal thought leadership
Publications, speaking engagementsDiscipline