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


Conducted on Thursday, January 31, 2013

Recorded event now available

or call 1-800-926-7926
Program Materials

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.

Description

As companies increasingly store their invoices and other sales tax documentation digitally in various formats, they must anticipate a revenue agency's decision to audit them electronically. Computer-based audits differ in important ways from traditional on-site audits, both in rules and practical realities.

The audit may end up faster and less costly, but also more complicated for the taxpayer to plan. What digital records format will the state expect, and what data integrity test will the auditor use? What e-audit technique will be used? How should access to digital records be restricted to protect confidentiality?

How will the revenue agency want to audit a company with only partially e-stored documentation, and what are the capabilities of the state's own systems to handle large volumes of e-records? Multistate companies must stay current with e-auditing trends and best practices to prepare for these audits.

Listen as our panelists improve your familiarity with state rules and procedures for electronic sales tax auditing of digital invoices and other documentation, and give tips for a corporate taxpayer's effective audit planning and management.

READ MORE

Outline

  1. Introduction
    1. Trends lending themselves to electronic audits
    2. Types of transaction records that can be stored digitally
  2. Examples of state electronic audit rules
  3. Practical issues for corporate taxpayers
    1. Acceptable digital formats
    2. Data integrity tests
    3. Records confidentiality and access provisions
    4. What type of e-audit technique the state will use
  4. Practical issues for the state
    1. Capabilities of different systems to audit large volumes of digital records
  5. Planning for and managing an e-sales tax audit, as the taxpayer

Benefits

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.

Faculty

Mark L. Stone
Mark L. Stone

Managing Partner
Sales Tax Defense

Before starting his consulting firm, he was a New York state sales tax auditor for several years and...  |  Read More

Adam Rupp
Adam Rupp
Manager
Ryan

He specializes in multi-jurisdictional tax services to business clients in industries such as construction...  |  Read More

Andrew Sabol
Andrew Sabol
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

Other Formats
— Anytime, Anywhere

On-Demand Seminar Audio

$247

Download

$247