UNDERSTANDING SALES TAX REFUNDS

Mark Stone

Sales Tax Defense LLC

Thursday, April 22, 2021 | 03:00 PM EST

  • AFSP
  • CRTP
  • CPA
  • CVA
  • EA
  • Tax Pros
  • CFE

1 CPE | 1 CE

FREE

Subject Area

Taxes

Webinar Qualifies For

1 CPE credit for Certified Fraud Examiners (CFEs)

1 CPE credit of Taxes for all CPAs

1 CPD credit (Verifiable) for Certified Valuation Analyst (CVA)

1 CE credit of Federal Tax for Oregon Tax Preparers

1 CE credit of Federal Tax for Maryland Tax Preparers

1 CE credit of Federal Tax for Enrolled Agents ( IRS Approved : GEHNZ )

1 CE credit of Annual Filing Season program (AFSP)( IRS Approved : GEHNZ )

1 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273)

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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Course Description

Sales tax is a type of gross receipts tax imposed by most states on the sale of “tangible personal property” (such as computers, chairs, car parts, furniture, etc.) and certain services (such as information services, software services, etc.). Every state has a different set of rules that controls what types of items and services are taxed. Also, every state has different types of exemptions and exclusions from sales tax that favor some businesses and can be costly to others.

Often, you may be eligible for a refund of sales or use tax. If you overpaid sales tax on a purchase, paid sales, and use tax in error, or collected, reported, and remitted sales tax but then repaid it to your customers, then you may be eligible for a refund of sales or use tax. To apply for a sales or use tax refund it is important that you use the right form, have all the correct documents to support your refund claim, and know where and when to send your claim. 

Key topics included in the webinar: 

  • Can I get a sales tax refund? 
  • How do I file for a sales tax refund? 
  • What looks back period is eligible for a refund? 
  • Can I get a refund for the receivables I write off? 
  • If I am a manufacturer, when does sales tax not apply to my purchases? 
  • When can I get a refund for the use of electricity? 
  • Can I get a refund on printed advertising? 
  • Am I eligible for a refund on the sales tax I paid for repairs to my equipment? 
  • What research and development activities are eligible for a sales tax refund? 
  • Does the state pay me interest on my refund? 

Learning Objectives

  • To discuss the conditions for eligibility for sales tax refund
  • To examine the process of applying for a sales tax refund
  • To discuss specific service industries and the areas where they can potentially receive a sales tax refund

Who Should Attend?

  • Enrolled Agent
  • Tax Attorney
  • Tax Practitioners
  • CPA - Small Firm
  • CPA - Mid Size Firm
  • Tax Pros
  • CPA (Industry)
  • Tax Firm
  • Young CPA
  • Tax Accountant (Industry)
  • Tax Director (Industry)
  • Tax Managers
  • Tax Preparer
  • Bookkeepers & Accountants & Tax Preparers
  • Tax Professionals