Commonly Encountered Sales and Use Tax Audit Issues and Strategies to Defuse Them

Date Held: October 31, 2012

Start Time: 1:00 PM ET

End Time: 2:30 PM ET

Credits: AIPB, CAC, CPE, Enrolled Agents, IAPP, RTRP, Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

States are becoming more aggressive as falling tax revenues constrain expenditures and force budget cuts. Business structures, products and services are increasingly complex with outcomes that don’t always fit neatly into vaguely worded and outdated statutes. Heightened audit activity, the states’ shifting tax policies and a new wave of proposed sales tax legislation all serve to highlight the importance of staying current on tax law while minding your business operations. Failing to do so may lead to unexpected sales tax assessments upon audit.

Benefits of attending this live audio conference include developing an understanding of what you can do now to minimize future audit liabilities. The conference will start with an in-depth review of recent trends and legislative developments that are likely to have an impact on transactions the State’s will audit and their taxability. A significant portion of our discussion will also focus on those issues taxpayers find most troublesome during audits from audit sampling and projection methodologies to transactions most often giving rise to liabilities. We will also review some of the basic procedural issues concerning audits including statutory deadlines and common sense approaches to proactive minimization of audit assessments. You will be able to develop a sales tax awareness and sales tax strategies that could produce a significant return on investment.


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