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Thursday, Mar 28, 2024

California warns companies they may owe use tax

Reporting from Sacramento — Over the last six months, California tax officials have quietly mailed thousands of official letters to doctors, beauty salons, insurance agents and other service providers looking for some badly needed state tax revenue. The letters asked these service businesses to check records on their out-of-state purchases for the last three years and pay any back taxes they owe. Failure to do so could lead to an audit of the taxpayer’s books going back eight years, the letter warned. For the full story click here

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