The Texas Comptroller’s office has issued guidance relating to deadlines on paying or remitting taxes and fees, as well as contesting audit results. And while some businesses were able to remit the state and local sales taxes collected from customers in February (due March 20, 2020), other businesses are struggling to pay the full amount.
In the alert, the Comptroller said that, “for businesses that find themselves in this situation, our agency is offering assistance in the form of short-term payment agreements and, in most instances, waivers of penalties and interest”.
For information regarding this alert, contact the Enforcement Hotline at 800-252-8880. Businesses can learn about options for remaining in compliance and avoiding interest and late fees on taxes due.
Additionally, the Texas Comptroller has temporarily suspended the 60-day deadline for businesses to contest audit results. In their Facebook post, it says this applies to both redetermination and refund hearings. They will waive interest accrued during this period and notify businesses to reestablish a request deadline at a later date. Click here for information on Refund Verification and Processing.
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