business to business sales
Mar 08
2011
2011
Sales tax lien sales accrue interest after its filing with the state?
Our activity lowered the tubes and we had the sales tax in Arkansas, the state filed a lien against me … Is this still the accumulation interest? I paid the initial amount and requested to be forgiving interest and penalties, never heard a word from them and after checking with the courthouse they never received notice of the State on any claim.
Interest has been accumulated since the date the tax return of sales is due until the tax was paid. If you just pay taxes, interest will continue to accrue on the unpaid interest and penalties. If there is no record of payment, check with your bank and make a copy of the canceled check. The State accepts that as proof of payment and pay what you owe to the date of such payment. Penalties can sometimes be waived if there is a compelling reason, but interest be waived (actually decreased) if the payment date was wrong.
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