CPE Packages (Incl. Ethics) for Multiple States and Qualifications Available. Price $4/credit - CLICK HERE to view.

Understanding the sales tax audit process

Mark Stone

Sales Tax Defense LLC

  • AFSP
  • CFEs
  • CPA
  • CVA
  • EA
  • Tax Preparer
  • CTEC

Published: June, 2021

1 Credit

$10

Subject Area

Taxes

Webinar Qualifies For

1 CPE credit of Taxes for all CPAs

1 CE credit of Federal Tax for Enrolled Agents ( IRS Approved : GEHNZ ) (Approval No. GEHNZ-T-00411-21-S)

1 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273) (Approval No. 6273-CE-0412)

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

1 CPE credit for Certified Fraud Examiners (CFEs)

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

1 CE credit of Federal Tax for Oregon Tax Preparers (Approval No. GEHNZ-T-00411-21-S)

1 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-T-00411-21-S)

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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Before starting this self study program, please go through the instructional document.

Overview

  • Tax Audits
    1 mins
  • Continued
    31 mins
  • Collection Action
    35 mins
  • Ways to Resolve Assessments
    37 mins
  • Avoiding Sales tax litigation with the state
    41 mins

Course Description

The purpose of a Sales Tax Audit is to determine if the taxpayer is paying the correct amount of sales tax to the State. The audit is used to promote compliance with tax laws, and as a means of increasing state revenue. As part of the ordinary course of business, most companies eventually will undergo a sales and use tax audit. Sales tax auditors frequently think that businesses cheat or at least intentionally try to skirt the sales tax law. They begin most audits with the attitude of trying to determine how much the business owes, not whether or not the business owes anything. Should the auditor find a transaction that the Company erroneously paid tax on, it is doubtful they will let you know about the overpayment. 

Key topics: 

  • What is the audit process? 
  • Why did I get picked for audit? 
  • What happens if I am not registered for sales tax? 
  • Does the government get third party data? 
  • Will the government extract the data from my computer system? 
  • What is my responsibility for keeping books and records? 
  • What happens if the company owes money? 
  • Am I personally responsible? 
  • Does the government abate penalties? 
  • Will I go to jail for owing sales tax? 

Click to access more webinars on IRS Audit | Latest Tax Updates | Financial Planning

Learning Objectives

  • To provide basic understanding of the Sales Tax Audit Process
  • To discuss a taxpayer’s responsibilities during a sales tax audit
  • To discuss what to expect during the audit process.

Who Should Attend?

  • Bookkeepers & Accountants & Tax Preparers
  • California Registered Tax Professional
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Professionals
  • Tax Pros
  • Young CPA