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Video

  • 14 minutes

Managing Exemptions and Resale Certificates - Audit Process

 

When you get an audit notice, doing a little bit of work before the auditor arrives can be a big help.

There are different types of audits including a field audit in which there is a sales review as well as a purchases review. This video provides tips on how to manage the audit process. Our speaker provides the top 10 audit adjustments in sales tax to customers, including missing or improperly completed exemption certificates. He also provides the top 10 audit adjustments for use tax on purchases. This video also covers details on penalties with failure to keep records, and goes over post audit options.

Runtime: 13 minutes
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Agenda

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Faculty

David McIntyre, CMI

David McIntyre, CMI

BDO USA, LLP

  • Senior tax manager in BDO USA, LLP’s Southwest region sales and use tax practice
  • More than 12 years of experience in state and local sales and use taxation
  • Presents trainings and webinars on state and local sales and use tax topics
  • Worked in sales and use tax practice for DuCharme, McMillen & Associates, Inc. and Pricewater-houseCoopers LLP for a combined 8 years
  • Certified Member of the Institute (CMI) for Professionals in Taxation
  • Practice focuses on providing sales and use tax audit defense, managed audit, and overpayment review services to clients in the manufacturing (equipment, chemical, etc.) exploration and production, oil field service, oil and gas midstream, construction, and grocery retail industries
  • Assisted equipment manufacturing company with Texas sales and use tax audit that resulted in a reduction of $50M to their initial sales tax assessment
  • Assisted equipment manufacturing and services company with Texas sales and use tax audit that resulted in a reduction of $13.5M to their initial sales tax assessment and successfully recovered $2.5M in overpayments in the audit period
  • Assisted equipment manufacturing and services company with Louisiana Parish sales and use tax audit that resulted in a reduction of $790k to their initial sales tax assessment
  • B.B.A., Texas State University – San Marcos
  • Can be contacted at [email protected]
Sara Britt, JD

Sara Britt, JD

BDO USA, LLP

  • Senior manager in BDO USA, LLP Central Region focusing on sales and use taxes
  • More than 14 years of experience in state and local taxation in public accounting and industry
  • Advised companies on state tax audits and controversies; advised on state tax compliance planning including nexus determinations, return reviews for potential filing positions and refund opportunities; advised and assisted companies with ruling requests, amnesty, and voluntary disclosures
  • Can be contacted at [email protected]
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