King County, Washington Tax Lawyer Offers Help to Delinquent Taxpayers
Washington Tax Law Firm Focuses on State Tax Obligations
Washington has a 6.5 percent statewide sales tax, and King County has a sales tax rate of 9.5 percent on retail purchases. Business owners are required to register their business and estimate what their yearly business income will be. Filing frequencies (monthly, quarterly, annually) are based upon this estimate.
Monthly returns are due the 25th of each month; quarterly returns are due the end of the month following the tax quarter (the first quarter is due April 30, etc.); and annual returns are due January 31 of the following year (the annual 2014 tax return will be due January 31, 2015).
What Businesses Don’t Have to File State Tax Returns?
Businesses that meet all of the following criteria are not required to file state tax returns:
- Business activity that does not require the collection of retail sales tax
- Businesses whose gross proceeds of sales, gross income, or value of products for all business and occupation tax classifications is less than $28,000 per year, or $46,667 per year for those generating at least 50 percent of their taxable income from activities taxable under Washington law
- Businesses whose gross income for all public utility tax classifications is less than $24,000 per year
- Businesses that do not owe any other tax or fee to the Washington State Department of Revenue
Businesses that do not meet all of the above qualifications are required to file and pay taxes, and the failure to do so will result in penalties and interest that begin to accrue from the time the account becomes delinquent until the tax debt is paid in full.
Are you behind on paying the tax you owe to the state of Washington? Retain an experienced King County tax attorney like Lana Kurilova Rich PLLC, who provides solid legal representation in Washington State tax matters. Contact us online or call (425) 289-0629 for an initial telephone consultation today.
