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• W9734107 abstract "EXECUTIVE SUMMARY * MULTISTATE TAXPAYERS face a variety of tax appeals procedures in the 50 states. Until uniform procedures are adopted, CPAs must make certain they understand current rules to avoid unnecessary taxes, penalties and interest. * INDIVIDUAL AND corporate taxpayers should not assume neighboring states have appeals procedures and filing deadlines similar to their own. * IN MOST STATES, the statute of limitations for filing for refunds is shorter than the time the state itself has to file for additional assessments. * FORMAL OPINIONS issued as part of the appeals process set precedent in only 13 states. In other states, the administrative agency may rely on the opinions internally and use them to set agency policy. * TO DATE, 20 STATES and the District of Columbia have established independent tax courts or boards to hear tax appeals. * BEFORE APPEALING A tax assessment in an unfamiliar state, practitioners should contact local authorities to ascertain deadlines, understand procedures and make certain their clients are in full compliance with local law. TAXPAYERS FACE DIVERSITY IN STATE APPEALS PROCEDURES Multistate taxpayers face myriad tax appeals procedures. While the American Institute ofCPAs, the Tax Executives Institute and the National Association of State Bar Tax Sections called for a uniform administrative appeals system, immediate changes seem unlikely. This month, Steve C. Wells, CPA, associate professor of accounting, Millsaps College, Jackson, Mississippi, Doug Barney, CPA, a doctoral student at the University of Mississippi, and William D. Wallace, CPA, professor of accountancy, University of Mississippi, describe some of the obstacles to be dealt with until a uniform system is adopted. In today's mobile society, the number of multistate taxpayers, both individual and corporate, is increasing. These taxpayers, and the practitioners advising them, need to be aware of appeals procedure differences among the 50 states. This awareness could prevent unnecessary taxes, penalties and interest and the loss of legal appeal rights. FOLLOWING LOCAL LAW A protest or appeal of an additional tax assessment must follow applicable state procedures in a timely manner. States' time periods for filing a protest vary greatly, ranging from 10 to 120 days. In some states, the protest period starts with the date of the assessment; in others, with the date of the notice. Corporations should not assume neighboring states have appeals procedures and deadlines similar to their own. In Rhode Island, for example, corporate taxpayers have 10 days from the date of a deficiency notice to file a protest. In Maine, a petition for reconsideration of an additional tax assessment must be filed within 30 days from receipt of notice. The statute of limitations for both additional assessments and filing for refunds varies by state. The period for additional assessments ranges from 18 months to five years; the statute of limitations for filing for refunds is shorter than that. A state generally has more time to file for additional assessments than a taxpayer has to file for a refund. The statute of limitations also varies depending on whether the taxpayer is domiciled in the taxing state or in another state. Penalty and interest calculation varies by state as well. All states charge interest on additional tax assessments, and in most instances the rate charged on assessments is more than the rate paid on refunds. Some states require prepayment of an additional tax assessment, including penalties and interest. Many states impose automatic penalties on additional assessments, even if the assessment is unjustified. The taxpayer then must bear the cost of protesting and appealing the additional assessment. Some states require payment of the additional assessment, including penalties and interest, at various points in the appeals process. …" @default.
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• W9734107 date "1992-09-01" @default.
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• W9734107 title "Taxpayers Face Diversity in State Appeals Procedures" @default.
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