Do you know where your records are? How much are they really worth?
The facts: A disputed tax bill. A municipality working to collect on back sales tax. A company with multiple locations. Missing records. And one big mess.
Following up on exactly where a sale took place so that the municipality could collect what it believed to be its share of taxes, a municipality found that many of the necessary tax documents had been destroyed. Of course, the assessment landed in court, with a decision resting on just what those records may have included.
How much was that disputed assessment worth? $23 million.
Read the complete article here: PJStar.com