Monday, March 5, 2012

IRS reaches out to California's restaurants. (IRS 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 …

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