Develop an understanding of what you can do now to minimize future audit liabilities.
States are increasingly looking to audits and enforcement to raise much-needed revenue. Technology advances are increasing the use of newer audit methodologies such as statistical sampling. Auditors and supervisors are taking increasingly aggressive positions on tax matters and documentation requirements. This topic will enable viewers to better prepare for sales and use tax audits in the current tax climate. Learn the advantages and challenges presented by various audit sampling methodologies. You will learn real-world solutions for handling documentation issues and practical tips for managing the audit and auditor. This information is critical for companies seeking to streamline the audit process and help achieve better results.
Learning Objectives
- You will be able to identify Sales and Use tax audit tips
- You will be able to identify the step in the initial audit process
- You will be able to identify How to Prepare for a Sales and Use Tax Audit
- You will be able to differentiate between sampling methods
Add to Wishlist
Credit
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
States Selections for Sales and Use Tax Audits
- Routine Audits - Large and Mid-Sized Companies
- Focused on Audit Exceptions From Other Audits
- Industry-Specific
- Random
How to Prepare for a Sales and Use Tax Audit
- Information Required for the Audit
- Self-Audit
- Internal Review by Third Party
- Is This a Good Time to File a State Refund Claim?
- Is This a Good Time to Pay Any Sales/Use Tax That Is Due?
- Has There Been Any Extraordinary Events Within the Audit Period?
- Thoughts on Where the Auditor Will Perform the Audit
Auditor Qualifications
- Auditor Background
- Conflicts With Certain Taxpayers
- Are Auditors Proficient in Accounting Matters and Sampling Approaches?
Audit Timing
- Set Office Guidelines
- Information Needed
- Sampling Method
- Statute of Limitation Waivers
- Third-Party Assistance
- Power of Attorneys
Sampling Techniques
- Statistical
- Block
- Stratification
- Actual Detail
Audit Tips
- How to Handle Missing Invoices
- Removing Extraordinary Items From Sample
- Projecting Refunds by Including in Sampling Procedures
- Find Area to Minimize the Audit Exposure
- Speaking With Next Level Above Auditor on Difficult Issues
Actual Sales and Use Tax Audit Experiences Shared
- Various Industries
- Managing Difficult Auditors
- Handing the Audit Managers Visits and Inquiries
Appeals and Negotiations
- Using External Assistance
- Protest
- Informal Hearings
- Formal Hearings
- Court Appeal
Add to Wishlist
Credit
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last reviewed on November 15, 2023.
Call 1-866-352-9540 for further credit information.
CPE/NASBA - QAS Self Study 2.6 including Taxes 2.6
- Noggin Guru, Inc. dba Lorman Education Services and BankersHub is registered with the National Association of State Boards of Accountancy (NASBA) as a QAS Self Study sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.6 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Taxes for 2.6 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: QAS Self Study. Please refer to the information in this advertisement for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
Add to Wishlist
Credit
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Martin Joseph, CMI
Crowe LLP
- Managing Director, Crowe LLP
- Many years of sales and use tax experience and knowledge with clients around the country
- Focuses on a variety of sales and use tax issues with clients in a variety of industries including manufacturing, software, health care, and non-construction and construction services
- Tax experience includes over 20 years with Crowe
- Past tax experience with Ernst & Young, Price Waterhouse, Comdisco, and the Illinois Department of Revenue
Steve Rinaldi, CPA
Crowe LLP
- Senior Staff, Crowe LLP
- Specializes in sales and use tax with some work on unclaimed property and property tax
- Over 22 years of tax experience with the New York Department of Taxation and Finance and Crowe focusing exclusively on sales and use tax
- Focuses on a variety of sales and use tax issues including Wayfair, nexus analysis, exposure calculations, registrations, tax matrices, sales and use tax audit defense, and sales and use tax compliance
- Experience with a variety of industries including retail, health care, construction, software, information services, manufacturing, and professional services
Dana Vasilakos
Crowe LLP
- Senior Staff, Crowe LLP
- Over 13 years of sales and use tax experience and knowledge with clients around the country
- Specializes on a variety of sales and use tax issues with clients in a variety of industries including manufacturing, software, health care, automobile dealerships, and non-construction and construction services
- Focuses on a variety of sales and use tax issues including registrations, voluntary disclosures, audit defense, Wayfair, nexus exposure analyses, tax matrices, and sales and use tax compliance
- Tax experience includes 7 years with Crowe
- Past tax experience with Deloitte
Add to Wishlist
Credit
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
All of your training, right here at Lorman.
Pay once and get a full year of unlimited training in any format, any time!
- OnDemand Courses
- Live Webinars
- MP3 Downloads
- Course Manuals
- Executive Reports
- White Papers and Articles
Additional benefits include:
- State Specific Credit Tracker
- All-Access Pass Course Concierge
Questions? Call 877-296-2169 to speak with a real person.
Access to all training products for one year
$699/year
Unlimited Lorman Training
With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!
Easy Registrations
Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.
Invest in Yourself
You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.
