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The Florida Department of Revenue opens a sales tax audit with one of two notices. Form DR-840, the Notice of Intent
Once the Florida Department of Revenue issues a sales tax assessment, a restaurant generally has a few ways to resolve it:
When the Florida Department of Revenue uses the markup method, it estimates your restaurant’s sales from your purchases and treats any
Florida’s Voluntary Disclosure Program lets a restaurant that owes back sales tax come forward before the Department makes contact, in exchange
In Florida, grocery food products are generally exempt from sales tax, but food prepared, served, or sold by a restaurant is
In a Florida restaurant sales tax audit, the Department rarely reviews every transaction. Instead it examines a sample, calculates an error
Florida use tax is the companion to sales tax. When a restaurant buys equipment, supplies, or decor from an out-of-state or
In Florida, a voluntary tip a customer chooses to leave is not subject to sales tax, but a mandatory or automatic
In a Florida restaurant sales tax audit, the markup method estimates your sales from your purchases. The auditor takes your food
A Florida DR-840 (Notice of Intent to Audit Books and Records) tells you the Florida Department of Revenue has selected your
For reversing a passport certification, an Installment Agreement is almost always faster than an Offer in Compromise. A streamlined Installment Agreement
A CP508C notice is a passport problem on the surface, but underneath it is a seriously delinquent tax debt that triggered
After the IRS certifies seriously delinquent tax debt, the State Department typically holds a passport application open for 90 days to
The IRS does not certify every seriously delinquent tax debt for passport revocation. Statutory and discretionary exclusions under IRM 5.19.25 protect
CP508R is the IRS notice that reverses a seriously delinquent tax debt certification and tells the State Department to restore your
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GILTI (Global Intangible Low-Taxed Income), renamed NCTI under the 2026 One Big Beautiful Bill Act, taxes U.S.
Schedule J of Form 5471 tracks a Controlled Foreign Corporation’s accumulated earnings and profits (E&P) and previously
Form 5471 has five filer categories under IRC Sections 6038 and 6046. Each category triggers a different
If you own 10% or more of a controlled foreign corporation and have not filed Form 5471,
Colombian Company CFC and Form 5471 CPA Review: What Ed Parsons Looks For By Ed Parsons, CPA
Step Five: Understand GILTI and Why No Dividend May Still Matter One of the most expensive misunderstandings
Colombian SAS, CFC Rules, and Form 5471 for U.S. Taxpayers By Ed Parsons, CPA | Updated May
Own a Colombian Company? CFC Rules May Affect Your U.S. Tax Return By Ed Parsons, CPA |
¿Su cliente residente fiscal colombiano tiene ingresos de fuente estadounidense, impuestos pagados en EE. UU., retenciones en
