Note: No educational credits are issued for the recording.
If you have ever handled a sales tax exam by your state you know how aggressive state tax auditors can be. This program will walk attendees through how sales tax audits are done and do so by comparing and contrasting these techniques with IRS examination techniques for both income tax and federal excise tax. We will review the techniques used by the various states and how practitioners can help protect their client from the overzealous state auditor. The program will compare the state audit techniques used by the IRS auditors so practitioners get a well-rounded review and comparison between the two approaches and what they need to know to help their client handle and challenge each type of audit.
Learning Objectives:
- Explain both the IRS and state audit selection process
- Identify similarities and differences in the approach to testing for federal and state audits
- Describe how the audit process is different from the state testing techniques and the federal testing techniques
- Suggested best practicing for reducing likelihood of audits and refuting audit assessments
