The Inside Scoop of Sales and Use Tax Audits (OnDemand Webinar)

$219.00

SKU: 411434EAU

Description

Gain a better understanding of what to expect during a sales and use tax audit and how to respond to an auditor’s request.States rely on sales and use tax audits to ensure compliance among registered taxpayers. With the rise of remote sellers postWayfair, states are auditing more than ever to ensure applicable businesses are registered and are complying with sales and use tax collection rules and regulations. It is now more important than ever to understand the entire process, from selection through appeals, and how to expertly navigate a Sales and Use Tax audit. This course will give you the inside scoop on how to identify the important factors involved in state sales and use tax audits and how to communicate and work with taxing jurisdictions.The material will assist you with addressing the initial audit letter and guide you on how to best respond to an audit inquiry. You will be educated on the right reference tools to consider when undergoing a sales and use tax audit and how to be better prepared overall.

Date: 2024-08-16 Start Time: End Time:

Learning Objectives

Sales and Use Tax Background
• Relevant High-Level Court Cases Pre-Wayfair
• Life After Wayfair
• Sales and Use Tax Nexus

Taxability and Compliance Overview
• Products and Services
• Sales and Use Tax Reporting

State and Local Tax Audits: The Good, the Bad, and Promoting Your Career
• Pre-Audit
• Audit Selection
• Top Sales and Use Tax Audit Areas
• Navigating the Audit Process
• Documentation, Documentation, Documentation

Reverse Audits
• Overview

Audit Appeals
• Non-Traditional Appeals Processes

Daniel Thompson, CPA, CMI-Thompson Tax LLC