The observation test audit method was upheld against a restaurant taxpayer, who failed to provide any books or records for the audit. When the taxpayer did not provide sufficient records, the auditor notified the taxpayer that an observation test would…
New York Affirms Test Method Accuracy
A New York corporation petitioned the state over the methods used in the audit of their business. The Division of Taxation requested a number of documents for an audit and the corporation did not produce all of the documents requested,…
Wyoming upheld that audit estimates are legal.
In a recent Wyoming appeals case it was upheld that the Department of Audit’s use of estimates to determine tax owed was legal in some instances. Wyoming law states that if a taxpayer’s records are insufficient, an auditor can use…
Pennsylvania auditors have been given the authority to grant credits when it is found that the taxpayer has overpaid taxes.
For assessments issued on or after November 19, 2003, an auditor may grant a credit for overpayments. If the taxpayer believes that tax has been overpaid during the period under audit and the auditor will not grant a credit, the…
Connecticut explains its managed audit program and more.
Connecticut\’s Department of Revenue Services has released a bulletin (IP 2004(11)) describing the department\’s managed audit agreement, managed compliance agreement, and direct payment permit programs.
California has reenacted its Managed Audit Program.
It is scheduled to be operative January 1, 2004. At the discretion of the State Board of Equalization (SBE), and consistent with the efficient use of audit resources, taxpayers who meet the following criteria could be considered candidates for a…
Illinois Certified Audit Program uncertain.
There are distinct uncertainties regarding the future of the Illinois Certified Audit Program (CAP).
Florida is piloting a “”managed audit”” program.
The Florida Department of Revenue will allow taxpayers to choose an auditor trained through the Florida Institute of CPAs to conduct and audit of state and local sales and use taxes.