Reverse Audits for Corporate Taxpayers: Best Practices for Identifying Sales Tax Refunds
Note: CLE credit is not offered on this program
Recording of a 110-minute CPE webinar with Q&A
This course will offer corporate tax and financial professionals best practices for managing sales and use tax recovery projects. The panel will discuss how to identify potential tax overpayments and how to work through the recovery process with internal stakeholders, external consultants, and/or state representatives. The panel will also discuss the implementation of safeguards against future overpayments.
Outline
- When and how to effectively begin a sales and use tax reverse audit
- How to effectively manage and complete a sales and use tax reverse audit
- Implementation of safeguards against future overpayments
Benefits
The panel will drill into these and other key topics:
- Best practices for identifying tax overpayments
- Best practices for recovering identified overpayments
- Considerations for managing internal stakeholders, external consultants and/or state representatives throughout the project
- Taking steps to avoid future overpayments and implementing quality control measures
Faculty
Katherine Gauntt
Tax Managing Director
BDO USA
Ms. Gauntt is a nationally-recognized indirect tax expert with more than 25 years of experience in management and... | Read More
Ms. Gauntt is a nationally-recognized indirect tax expert with more than 25 years of experience in management and administration of sales and use, property, gross receipts, and excise taxes. She has led teams through complex engagements involving strategic planning, process implementation/ improvement, audit defense, mergers and acquisitions (M&A) due diligence, voluntary disclosures, and reporting efficiencies. She has extensive industry and consultative experience in compliance, tax accounting, audit administration and defense, tax planning, corporate reorganizations, nexus reviews, voluntary disclosures, refund review, and tax decision matrices.
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Anthony Nagorski, J.D.
Senior Manager - Sales and Use Tax
BDO USA
Mr. Nagorski has nearly 10 years of sales and use tax experience within State and Local Tax, covering all industries... | Read More
Mr. Nagorski has nearly 10 years of sales and use tax experience within State and Local Tax, covering all industries and States. He primarily advises clients on sales and use tax planning, controversy, compliance, and process matters.
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Tom Smith
Tax Partner
BDO USA
Mr. Smith leads BDO’s southwest region State & Local Tax team and is the office managing partner in Tulsa,... | Read More
Mr. Smith leads BDO’s southwest region State & Local Tax team and is the office managing partner in Tulsa, Oklahoma. Known for his knowledge in tax controversy, he has recovered millions of dollars for his clients through sales tax refund projects (reverse audits). Mr. Smith has vast experience managing taxability research projects and regularly worked on due diligence projects both pre and post-acquisition. He is well known in Nashville, Tennessee, where he developed a significant expertise in the healthcare industry. Mr. Smith also has extensive experience in the energy industry, serving clients in both Oklahoma and Texas.
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