IRS reaches out to California's restaurants.

PositionIRS News - United States. Internal Revenue Service - Brief Article

The IRS is debuting a new outreach program for restaurant owners and others in the food and beverage industry.

Prominent on the menu are two critical ingredients for correct and timely filing: accurate reporting of business income and sales. The IRS says its goal is to help restaurant professionals get it right the first time, thereby reducing the need for post-filing examinations and amendments.

What prompted the effort? A recent IRS study of the California food and beverage industry found significant discrepancies when it compared business income reported to both the Board of Equalization and IRS. With that in mind, the IRS has directed its...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT