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Course/Product Description
Title:

Commonly Encountered Sales & Use Tax Audit Issues - And Strategies To Defuse Them

SKU:WC-1013869
Date / Time: Recorded
Format: Audio Conference
Order:Qty: Select State:
Description:

Commonly Encountered Sales & Use Tax Audit Issues - And Strategies To Defuse Them

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products and services are increasingly complex with outcomes that don't always fit neatly into vaguely worded and outdated statutes.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 webinar include developing an understanding of what you can do now to minimize future audit liabilities.

We 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, then will focus on those issues taxpayers find most troublesome during audits from audit sampling and projection methodologies to transactions most often giving rise to liabilities as well as review some of the basic procedural issues concerning audits including statutory deadlines and common sense approaches to proactive minimization of audit assessments.

Agenda

Sales Tax Audits in Today's Economy

  • State Budgets and Audit Activity
  • Current Trends in State Tax Policy
  • Amazon® Tax
  • Affiliate and Attributional Nexus
  • Computer Software Transactions

The Audit Starts Today

  • Review and Document Business Activity
  • Review, Document and Test Sales Tax Policies and Procedures
  • Review and Test Adequacy of Record Retention
  • Review Past Audit Results

Sampling in the Audit Context

  • Judgmental Sampling vs. Valid Statistical Sampling
  • Understanding the Population
  • Preparing the Sample
  • Developing a Sampling Plan
  • Missing Items and Credits

Error Projection Methodologies

  • The Importance of Getting the Sample Error Ratio Right
  • Population Characteristics to Consider

Troublesome Transactions

  • Software and Maintenance Contracts
  • Service, Bundled, Electronic and Intercompany Transactions
  • Information Services
  • Interstate Commerce
  • Mergers and Acquisitions
  • P-Cards

Procedural Issues

  • Fieldwork
  • Assessment and Appeals

Don't wait; Order today!

Cannot Attend The Live Presentation?

This presentation is also available in a recorded format, in CD version, as shown in the pricing options below.

About Webcasts / Audio Conferences / Podcasts:

Webcasts, audio conferences, and podcasts are presentations that you attend via the Internet, phone, or mobile device at a specified date and time for "live" versions, or at your convenience for "recorded" and "On-Demand" versions.

The live versions are interactive, meaning that participants can ask questions in real time, plus are a very cost-effective form of training because 1) you receive fast, convenient learning without any out-of-office time; 2) you can invite as many colleagues as you'd like to listen in on a single phone line; 3) you incur no travel expenses; and 4) you and your colleagues are back at work immediately after the session ends!

And though with recorded versions you do lose the ability to ask questions, you gain the ability to hear the presentation numerous times and to share it with others in your office.

Handout materials and the phone number for live presentations are made available to you prior to the event via email from the presenter and from the "MyAccount" link on the menu bar. Copies of the presentations are included with recorded versions.

About The Provider: Lorman Education Services has provided educational seminars and online training for professionals since 1987.

Since then, we've kept thousands of professionals in the United States and internationally current on the most pressing topics in a rapidly changing marketplace of ideas. Like you, we understand the need for concise, accurate information.

That understanding underlies each Lorman course, presenting the latest information on the laws and regulations critical to your organization's successful daily operations.

Moreover, each course receives our painstaking attention to be certain both the faculty and participants receive the individual attention necessary to achieve maximum benefit from the materials.
More Info: Contact Us For More Information
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