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130 S. Bemiston, Suite 708 St. Louis, Missouri 63105
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Sullivan Consulting has
been providing help with sales, withholding,
individual income and corporate
income state tax problems since 1998.
Services include installment agreements (monthly payment plans), offers
in compromise and audit representation.
Installment Agreement
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States Department of Revenue encourage taxpayers to resolve their state tax obligations as quickly as possible. For those individuals or businesses not able to resolve the obligation immediately, arranging an installment agreement
or monthly payment plan online can be a reasonable payment option. Installment agreements allow for the full payment of the tax debt in smaller, more manageable amounts.
Installment agreements generally require equal monthly payments. The amount of an installment payment will be based on the amount owed and on the taxpayer’s ability to pay that amount within a reasonable timeframe.
Offer in Compromise -
Many states now have Offer
in Compromise programs to settle any sales tax, use tax, withholding tax, corporate income
tax and individual income
tax liabilities. The offer must include a proposal to pay a sum of money.
Most states have laws that provide three reasons as a basis for an Offer in
Compromise: doubt as to collectiblity, doubt as to liability, or to
promote effective tax administration.
Tax Audit - Most
individuals will agree that it is no fun dealing with the taxing
authorities like a states Department of Revenue, especially in a
challenging situation. Being under a state audit is one of those
situations. Fortunately, all taxpayers have a right to
representation before the states Department of Revenue; no one has to
face a state audit alone.
At
Sullivan Consulting, our professionals, licensed CPA's
and Enrolled Agents, are experts
in dealing with the state taxing authorities. If you retain our
services, you can be confident you will receive the best representation
possible at all levels of the state.
Get immediate state tax help by contacting
us toll free at 877-426-3121 for a
Free Consultation. Or by using our on-line Free
Consultation Request form for a confidential tax
analysis.
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Income Tax - You do not have to file a
state tax return if you are not required to file a federal tax return.
If you are required to file a federal return, you may not have to file a
state tax return if:
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You are a resident and have less than $1,200 of
state adjusted gross income;
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You are a nonresident with less than $600 of
state income; OR
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Your state adjusted gross income is less than the amount of your standard deduction plus your exemption amount.
Note: If you are not required to file a state tax return, but you received a W-2 form stating you had state tax withheld, you must file a state tax return to get a refund of your state withholding.
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Sales Tax -
A sales tax is a tax on consumption. It is normally a certain percentage
that is added onto the price of a good or service that is purchased.
Any person or company that has a business location in
state from which they sell or lease goods to a final consumer is required by law to collect and remit
state sales tax. It is the taxpayer’s responsibility to ensure that sales tax is collected at the correct rate.
Use Tax – If an out-of-state vendor makes sales of goods to a final consumer located in
state and the vendor has sufficient nexus with state, the vendor is required to collect and remit
state vendors use tax.
If a taxpayer is located in state and is purchasing goods from an
out-of-state vendor to be used or consumed by the taxpayer in state, and the vendor did not collect tax at the time of purchase, the
in-state taxpayer is required to remit state consumers use tax. The in-state purchaser must obtain a
state use tax license; however, no bond is required.
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Withholding Tax - Every employer maintaining an office or transacting any business within the
state and making payment of wages to a resident or nonresident individual must obtain a
state employer tax identification number and remit state withholding tax withheld from
employees pay.
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Corporation Income Tax – Any corporation that has derived gross income in
state of $100 or more per year is required to obtain a state identification number from the department and remit
state corporation income tax. |
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