Academic journal article Journal of Accountancy

State Tax Appeals Checklist

Academic journal article Journal of Accountancy

State Tax Appeals Checklist

Article excerpt

As the number of multistate taxpayers--both individual and corporate--increases, CPAs often are faced with having to appeal a tax assessment in an unfamiliar state. Since no central authority mandates uniformity, tax practitioners and industry CPAs must learn to cope with myriad rules, regulations and deadlines.

To make it easier to assist multistate taxpayers, Steve C. Wells, Doug Barney and William D. Wallace, authors of "Taxpayers Face Diversity in State Appeals Procedures" (see the Tax Practice department, page 39), developed a checklist of questions to be answered before attempting an appeal of a tax assessment in another state.

1. How is the state's administrative appeals procedure organized?

2. What are the respective due dates for filing returns, making estimated payments and filing extensions?

3. What penalties are imposed for late filing of individual and corporate returns? Are the penalties automatic?

4. What penalties are imposed for the underpayment of tax? Are the penalties automatic?

5. What interest rate does the state impose on penalties or underpayments? When and how do the rates change?

6. What is the statute of limitations for the state to assess additional taxes?

7. What is the statute of limitations for filing for refunds?

8. Does the state levy more than one type of tax (sales, income, franchise, property, etc.)? If so, do appeals procedures vary by the type of tax involved? …

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