Sales Tax Audit Defense and Refund Reviews
No matter the industry or size of your company, sooner or later you may be subject to a sales tax audit. In fact, we are seeing states increasing their enforcement efforts.
If you receive a letter from a state, the earlier you involve YETTER and our partners, the more help we can be. A pre-audit planning meeting can help formulate your audit strategy before the auditor arrives, reducing the time involved in the audit and the potential for increased liabilities. Our knowledgeable and experienced consultants can immediately place you at ease with the entire audit process.
After a preliminary review of your records, our consultants will identify significant areas of audit exposure. They will tailor an audit strategy to fit your needs and effectively address those exposures on both a prospective and retrospective basis. We work with state auditors on behalf of clients to make certain that the correct amount of tax is paid, particularly by ensuring that exempt items are excluded and all due credits are included in the audit.
YETTER succeeds at audit defense because we have experience as former government auditors. We know how auditors think and where to look for credits to offset audit deficiencies. Because auditors are paid to assess tax, these credits are often overlooked. As a result, even though an audit liability appears rock solid, there is usually an opportunity to decrease the assessment. Auditors are trained to find and assess tax deficiencies, not tax overpayments and credits. It is very possible to turn a sales tax assessment into a refund claim. YETTER helps our clients identify overpayments and obtain refunds. We will perform a cursory review of your reporting system and determine if an opportunity exists to file a claim.
After the audit, you may be issued a tax assessment or even a no-change audit statement. We will help you evaluate the appropriateness of the audit report and evaluate your options. If a protest is warranted, we have relationships with state tax attorneys in many states that can work with us to take your audit as far as necessary.
Contact us for help with an audit or the review of an existing refund.
Do you have a pressing sales tax question and don’t know where to turn to for expert advice?
Get your question answered with a 1 hour private and personal phone consultation with leading sales tax expert Diane Yetter.
Have specific questions related to economic nexus?
Get an analysis of your risk level post-Wayfair and get your questions answered.