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backbone

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  1. I have a client who owes back State Sales Tax from before 12/31/15. The amount owed was NOT listed on their tax return balance sheet as of 12/31/15. the sales taxes owed are actually from 2012/2013/2015 The amount of sales tax owed before 12/31/15 was $15,000 Interest $500.00 Penalty $1,000.00 Any advice on how to "book" this? does it all become an expense in 2016 since it was not previously listed as a liability? Thanks! Matt
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