Question by Truth, Justice and the American Way: Does a business sales tax lien accrue interest after it is filed with the state?
Our business went down the tubes and we owed sales tax in Arkansas; the state filed a lien against me…is this still accumulating interest? I paid the original amount and asked to be forgiven the interest and penalty, never heard a word from them and after checking with the courthouse they never received notice from the state on any payment.
Best answer:
Answer by Bash Limpbutt’s Oozing Cyst©
Interest has been accumulating from the date that the sales tax return was due until the tax was paid. If you paid only the tax, interest would continue to accrue on any unpaid interest and penalties.
If there’s no record of the payment, check with your bank and pull a copy of paid check. The state will accept that as proof of payment and adjust whatever you owe to the date of that payment.
Penalties can sometimes be waived if there’s a compelling reason, however interest would only be waived (actually abated) if the payment date was wrong.
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Interest accrues from the due date of the tax return and can’t be waived.
how did you make the payment, by check or cash or money order?
if you have proof of payment that should not be a problem
and if you have heard nothing after your appeal was filed, very likely it has been waived