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Reverse Audits for Corporate Taxpayers: Best Practices for Identifying Sales Tax Refunds

Note: CLE credit is not offered on this program

A live 110-minute CPE webinar with interactive Q&A

This program is included with the Strafford CPE Pass. Click for more information.
This program is included with the Strafford CPE+ Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

Thursday, November 7, 2024

1:00pm-2:50pm EST, 10:00am-11:50am PST

Early Registration Discount Deadline, Friday, October 11, 2024

or call 1-800-926-7926
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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.

Description

To maximize cash flow, a multistate company should consider a reverse audit. Whether as part of a traditional sales/use tax audit, or done as a stand-alone project, an effectively-managed sales and use tax reverse audit can generate cash, reduce future costs, and identify opportunities for improving processes on a go-forward basis.

How do you identify potential overpayments of tax? How much staff time or external costs should a corporate tax department leader expect to invest in a reverse audit, when can it be fit in, and what quality standards are non-negotiable? After the conclusion of a reverse audit, how do you avoid future overpayments?

Listen as our panel of experienced state tax advisers prepares you for an effective reverse sales tax audit, either conducted by your staff or by overseeing the work of an outside advisory firm.

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Outline

  1. When and how to effectively begin a sales and use tax reverse audit
  2. How to effectively manage and complete a sales and use tax reverse audit
  3. 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

Chinukwe , Rachel
Rachel Chinukwe (Baker), CPA
STS - SALT Senior Manager
BDO USA

Ms. Chinukwe is a STS-SALT Senior Manager at BDO USA.

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Monsman, Jeffrey
Jeffrey Monsman, JD
Director, State & Local Tax Services
GBQ Partners

Mr. Monsman provides a variety of state and local tax services to GBQ’s clients. His practice focuses primarily...  |  Read More

Attend on November 7

Early Discount (through 10/11/24)

CPE credit processing is available for an additional fee of $39.
CPE processing must be ordered prior to the event. See NASBA details.

Cannot Attend November 7?

Early Discount (through 10/11/24)

CPE credit is not available on downloads.

CPE On-Demand

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