Tauber to Speak on Sales and Use Tax Audit Strategy
October 20, 2011 — Anticipating Auditor Requirements for Documentation, Samples, Nexus and More: A live 110-minute CPE teleconference with interactive Q&A.
WTAS Managing Director, Jim Tauber, will join panelists to provide tax executives at multi-state companies with new perspectives, approaches and tactics to fortify audit preparation when managing several sales and use tax audits at a time.
Some state and local revenue agencies lack the manpower to audit your company for sales and use tax more often right now. However, state budgetary emergencies are driving auditors to be more aggressive and to demand farther-reaching documentation.
Continued passage of so-called “Amazon taxes” will take states in new directions by asserting sales tax nexus over online marketing relationships. Companies should expect tougher fights over acceptable forms and numbers of invoices, exemption certificates, other documentation and sample sizes.
The need for advance sales and use tax audit preparation and strategizing by corporate taxpayers and for managing the process and the auditor to the maximum extent (rather than being managed) have never been greater. The stakes have become too high for a company’s tax staff to simply be reactive with audits.
October 20, 2011