THE REASON - A belief that the industry is systematically under reporting/remitting sales tax
THE AMMUNITION - Detailed information about alcohol and tobacco PURCHASES by retailer, by month, and by type of product available for the first time from alcohol and tobacco wholesalers
THE RESULT - The Florida Department of Revenue is completely skipping the audit and simply issuing a Form DR-1216 - Notice of Intent to Make Audit Changes
For anyone in the Florida Convenience Store Industry, this is a very, very serious matter. We have been getting a lot of calls from very concerned business owners about this topic and I have yet to see an assessment for less than $100,000.
Read more at: Tax Times blog