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Sales Tax Audits - The Danger Grows

TaxConnex

In Alaska, municipalities are steadily banding together to impose their own sales tax in a state that doesn’t have one. One of your customer s undergoing their own sales tax audit might produce one of your invoices, resulting in the auditor possibly contacting you for a certificate of exemption or other documents.

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Don't Test Your Luck with Non-Compliance

TaxConnex

And i n Alaska, individual municipalities are? One of your customer s undergoing its own sales tax audit might produce one of your invoices, resulting in the auditor possibly contacting you. An audit of one of your suppliers could turn up one of your exemption certificates for something the auditor may think is taxable.

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Sales Tax Issues for Online Retailers

Withum

Alabama, Alaska, Arizona, Colorado, and Louisiana are “home rule” states which permit the municipalities or counties to govern themselves with certain restrictions. Also, many states are hiring more sales tax auditors to audit more companies and identify related vendors who may not comply with sales tax.

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What’s new in sales tax?

TaxConnex

Auditors slapped Amazon with some $12.5 The five states with the lowest average combined rates are (the still technically NOMAD state of) Alaska (1.82%) as well as Hawaii (4.5%), Wyoming (5.44%), Maine (5.5%) and Wisconsin (5.7%). million in taxes, penalties and interest for the first three months of 2016. BOI oh boy.

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Monday Morning Accounting News Brief: Every Day Is Fools’ Day For Some Accounting Employers; McKinsey Now Paying People to Leave | 4.1.24

Going Concern

Related to this I suppose, Alaska Public Media did a story on the city of Anchorage having some municipal audit problems : A long overdue financial audit of Anchorage’s bookkeeping may keep the city from getting tens of millions of dollars in grant money.

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