Sales Tax Audits in the Era of Digital Documentation
Preparing for a Computer-Based Review Involving Electronic Invoices, Bills of Lading, Etc.
Recording of a 110-minute CPE webinar with Q&A
This teleconference will familiarize tax professionals with common aspects of, and trends in, state electronic sales tax audits. The panel will discuss the practical issues that corporate taxpayers must consider as a full or partial e-audit approaches.
- Trends lending themselves to electronic audits
- Types of transaction records that can be stored digitally
- Examples of state electronic audit rules
Practical issues for corporate taxpayers
- Acceptable digital formats
- Data integrity tests
- Records confidentiality and access provisions
- What type of e-audit technique the state will use
Practical issues for the state
- Capabilities of different systems to audit large volumes of digital records
- Planning for and managing an e-sales tax audit, as the taxpayer
The panel will take on e-audit issues such as:
- Choosing a digital format for records.
- Comparing the pros and cons of electronic detail, stratified statistical sample and electronic judgment sample audits.
- Maintaining proper confidentiality and arranging records-access protections in advance.
- Anticipating issues with e-audits, given systems' capabilities or limitations.
Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.
Mark L. Stone
Sales Tax Defense
Before starting his consulting firm, he was a New York state sales tax auditor for several years and... | Read More
Before starting his consulting firm, he was a New York state sales tax auditor for several years and partner-in-charge of a local office of a national SALT advisory firm. He has nearly 20 years of tax experience and also serves as an adjunct tax professor at Long Island University.Close
He specializes in multi-jurisdictional tax services to business clients in industries such as construction... | Read More
He specializes in multi-jurisdictional tax services to business clients in industries such as construction aggregates, consumer products and healthcare. Previously, he was a team leader in the firm's Chicago office.Close
Property Tax Administrator
Tax Technology Services
He joined Tax Technology Services after retiring from the North Carolina Revenue Department, where he worked for 31... | Read More
He joined Tax Technology Services after retiring from the North Carolina Revenue Department, where he worked for 31 years, the last six as director of the Sales and Use Tax Division. His current company offers exemption certificate outsourcing services.Close