Get Expert Tips on Preparing for a Sales Tax Audit, Handle an Assessment, and Understanding Tax Payers' Rights.
Handling a sales tax audit can be a challenging task and an assessment resulting from an audit can potentially have major, adverse financial implications. It is therefore necessary to prepare for an audit well in advance. You must also have a clear understanding of taxpayers' rights and how to work with the auditor to handle an assessment.
This 90-minute presentation by industry expert Mark A. Loyd will give you an overview of the audit process from beginning to end, including tips for getting ready for an audit, working with the auditor, protesting the audit, and trying to prevent or reduce future assessments.
Preparing for a sales tax audit: what to do before the auditor arrives
Sales tax audit process: on-site logistics, timeline; working with the auditor; and, handling audit requests
Handling an assessment: offsets; revenue auditor's report; dealing with interest and penalties; and, pointers for protesting an audit
Taxpayer's rights: right to a taxpayer representative; right to audits at reasonable times and places; clear and concise description of the basis and amount of amounts assessed
This webinar will help you understand:
Life cycle of a sales tax audit
How to use a sales tax audit as a means for continuous process improvement to try to reduce or prevent future errors
How to manage the time it takes to conclude a sales tax audit
MARK A. LOYD, ESQ., is an Attorney and Partner in the Louisville, KY, office of Bingham Greenebaum Doll LLP, a business law firm with offices in Kentucky, Indiana and Ohio. He is the Chair of its Tax & Finance Practice Group. His areas of practice concentration are state, local and federal tax c...