TaxConnex

APRIL 28, 2022

Usually, you learn about an audit through a notice or letter from the state or jurisdiction in question with instructions on how the audit will proceed. Many audits are conducted remotely, and an auditor never visits your office. Fear and perception of audits are as tangible as the real examinations. Fear and loathing.

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audit auditor general ledger Minnesota 245

TaxConnex

SEPTEMBER 2, 2021

Managing a sales and use tax audit can be challenging. First, you should always anticipate an audit – even if you’ve never been audited before. While they are definitely becoming more frequent as states try to crack down on economic nexus laws, rarely are you given advanced notice as to when an audit will occur.

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audit Sales auditor Tax 243

CPA Practice

NOVEMBER 4, 2024

million to the Internal Revenue Service after a rare IRS audit of the state found it owed millions of dollars in taxes in 2020. Smith School of Business, told The Baltimore Sun he wasn’t surprised to see the IRS conduct a payroll audit, even if he wasn’t sure how often the agency examines state governments. 2—Maryland has paid $5.4

Maryland 111

Maryland Tax audit payroll 111

ThomsonReuters

MAY 12, 2022

What triggers a sales tax audit and how do you reduce the risk of an audit? Almost all companies undergo a sales tax audit at some point. This sales tax audit guide can help indirect tax teams avoid common audit triggers and manage the sales tax audit as smoothly as possible. What is a sales tax audit?

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audit Sales Tax auditor 105

CPA Practice

OCTOBER 13, 2023

By Clint Rainey, Fast Company (TNS) Way back in 2012, the IRS launched the largest-ever audit in history, accusing Microsoft of stashing billions in offshore tax havens to dodge U.S. It possessed documents where giddy executives had reveled in their “pure tax play.” The IRS felt its challenge was an open-and-shut case.

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Tax Legal audit been audited 111

Anders CPA

NOVEMBER 1, 2022

Key Steps for Audit Preparation. If your organization’s 401(k) plan has never been audited, follow the 80/120 rule. If you currently have between 80 and 120 participants; it may be time to prepare for your first audit. If you currently have between 80 and 120 participants; it may be time to prepare for your first audit.

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audit CPA auditor payroll 52

PYMNTS

NOVEMBER 29, 2019

Peterson told PYMNTS that, speaking generally, retailers get thick documents via mail and email detailing tax policies for each state in which they are licensed to do business – and all too often, they may not take the time to read through those documents.

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South Dakota Tax Nebraska audit 53