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Recovering Overpaid Sales Tax: Your Guide to a Reverse Sales and Use Tax Audit

RECOVERING OVERPAID SALES TAX: YOUR GUIDE TO A REVERSE SALES AND USE TAX AUDIT

Cost Free
Presentation Length 1.0 hour

Recorded DateJuly 27, 2021
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaAuditing
Course LevelBasic
Series: Sales Tax
Course Description

With more than 7,500 different sales and use tax rates in the United States, compliance can be a significant administrative burden on many companies. In fact, many companies may overpay sales tax without even realizing it. As a result of South Dakota v. Wayfair, Inc., all states that have a sales tax have now enacted economic nexus laws. Even the most sophisticated companies can make errors in their sales and use tax processes.
 
During this presentation, you will gain in-depth knowledge on a reverse sales and use tax audit from Leyton’s tax attorney, Sunday Vanderver. You will discover what industries can take advantage of this, learn the common exemptions, and learn how to determine if your clients will have a financial benefit from a reverse sales and use tax audit.
 
What is a Reverse Sales and Use Tax Audit?

A reverse sales and use tax audit (RSUTA) involves reviewing previous years of a company’s purchasing data in order to identify purchases where the vendor charged the incorrect sales tax amount or where the purchaser over-accrued use tax.
 
Learning Objectives:  


  • Define the fundamentals of a reverse sales and use tax audit

  • Recognize how to identify qualified clients

  • Determine how your client can recover overpaid funds

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
Linkedin

Sunday Vanderver

Leyton
U.S. Sales & Use Tax Lead
svanderver@leyton.com
(617) 765-0676

Leyton

Sunday Vanderver is the U.S. Sales and Use Tax Lead at Leyton USA. She advises clients on sales tax savings opportunities, primarily through reverse sales and use tax audits to recover unpaid funds. Sunday counsels clients regarding nexus, taxability, and other planning and transactional matters related to sales tax planning. 

Linkedin

Maggie Crowley

Leyton
Senior R&D Tax Credit Consultant
mcrowley@leyton.com

Leyton

Maggie brings 10 years of experience in creating successful strategic partnerships. With a degree in business administration and the natural ability to connect she is responsible for creating mutually beneficial alliances for the R&D Tax Credit. Her expertise is varied amongst the construction, technology, dental, engineering, and software industry.

About Our Sponsor

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TriNet provides small and midsize businesses with an HR solution so they can free themselves from the complexities of HR and focus on their goals. As their trusted HR business partner, TriNet assumes many of the responsibilities of being an employer and helps these companies contain HR costs, minimize employer-related risk, and relieve the administrative burden of HR. TriNet offers bundled HR products, along with additional cloud products and strategic services, resulting in a comprehensive and empowering solution.