Show navigation

Available in:

Online Manual
OnDemand Webinar
Audio & Reference Manual
MP3 Download

Manufacturers - Ways to Avoid Large Financial Risks if Audited for Sales and Use Taxes

Gain a better understanding of the exemptions that apply to Wisconsin manufacturers and the requirements to claim the exemptions. Gain a better understanding of the exemptions that apply to Wisconsin manufacturers and the requirements to claim the exemptions. Wisconsin's sales and use tax law is very complex for manufacturers. As a result, many errors are made by manufacturers, including both underpayments and overpayments of tax. The Wisconsin Revenue Department audits many manufacturers which often results in large tax liabilities, interest and penalties. This topic will help you identify exemptions that directly and indirectly apply to your manufacturing operations and the requirements that must be met to claim the exemptions. You will also obtain information to help you improve your compliance with the sales and use tax law and avoid large financial risks if audited.


Runtime: 99 minutes
Purchase Options

More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Overview of Wisconsin Sales and Use Taxes

Manufacturing

  • What Is Manufacturing? - Six Requirements That Must Be Met
  • Scope of Manufacturing - Where Does Manufacturing Begin and End, What's Included in the Process?
  • Who Are Manufacturers?

Exemptions That Directly Apply to Manufacturers

  • Machinery and Equipment
  • Ingredients and Consumables
  • Fuel and Electricity
  • Containers and Packaging Materials

Manufacturing Related Issues

  • Waste Treatment Exemption
  • Research and Development and Prototypes
  • Waste Reduction and Recycling Exemption

Other Exemptions That May Apply to Manufacturers (Including Those Often Overlooked)

Sales by Manufacturers

Tips to Avoid Costly Audits and Penalties

Purchase Options

More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

Online Manual

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

OnDemand Webinar

This course was last revised on January 15, 2019.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Purchase Options

More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Jack E. De Young, CPA

Jack E. De Young, CPA

De Young Tax Consulting

  • More than 40 years’ experience in sales and use taxes
  • Provides sales tax consulting to CPA firms and companies throughout Wisconsin
  • Specializes in Wisconsin sales and use taxes, including representing clients in audits and appeals, refund claims, compliance reviews, voluntary disclosure and training
  • Previously with Wisconsin Department of Revenue as an auditor, criminal investigator, director of appeals and assistant administrator. Also was a sales tax consultant for a large regional CPA firm
  • Speaker at over 200 seminars on sales and use taxes
  • Member of WICPA and WICPA State Taxation Committee
  • Recipient of 'Outstanding Tax Professional' award from UW-Milwaukee Tax Association and Corporate Report Wisconsin magazine
  • B.B.A. degree, University of Wisconsin- Madison
  • Can be contacted at 608-222-8156 or [email protected]
Purchase Options

More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 405026
Published 2013, 2019
Purchase Options

Available in Multiple Formats

Purchase this course and learn on your schedule!