Wednesday, November 2, 2011

TANNING SALONS – THE TAX MAN COMETH

Indoor tanning salons will receive more audit scrutiny from the IRS. Far fewer salons than anticipated are filing excise tax returns reporting collection of the 10% excise tax that took effect last year, and the revenue intake is lower than projected, according to Treasury inspectors. So look for the Revenue Service to begin a special set of examinations of tanning businesses in the near future.