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Re: irs and taxes
Yes, the IRS is serious about FET enforcement - although only a one person business I've already had 2 onsite visits in 10 years by IRS staff who flew to the Big Island from their Oahu home office. The reason for targeting small time recreational tackle businesses for a hefty 10% FET in addition to income tax eludes me, especially when I read that big commercial fishing operations that are destroying habitat and wiping out stocks are subsidized with fed $. Those of us selling retail can't just add on 10% tax to customers, and we end up paying the taxes for our supplies manufacturers. However, its NOMB if someone chooses to risk evading this tax.
Last edited by hawnjigs; May 20th, 2008 at 01:43 PM.
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