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I have a small bakery and we have not paid our first qtr sales tax. What is the penalty? Can our bakery be shut down?


Expert Eugene Jaspan's Answer:

 The penalties for not paying your sales tax can be substantial and yes, they can shut down your business.  My suggestion is to meet with a C.P.A. and work out a plan to pay your taxes.  If you approach the IRS before they ccatch up with you,, they are more likely to be willing to work out a payment arrangement.



Gene Jaspan, C.P.A.

Eugene Jaspan, CPA

New Jersey

24 yrs experience

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