For some companies, especially manufacturers and processors, the sales side of the business is straightforward, for example, all sales are of similar goods and are for resale to established wholesalers. But, the purchasing side can be a challenge. This presentation will focus on sales and use tax for buyers, particularly post-Wayfair, with a focus on not overpaying sales and use tax.
Consider sales tax decision-making on purchases.
Focus on issues with buying from out-of-state suppliers.
Learn about providing resale and exemption certificates.
Consider identification of taxable purchase transactions.
Need for reverse audits of overpaid sales tax.
Bingham Greenebaum Doll
Partner and Chair, Tax & Finance Group
mloyd@bgdlegal.com
(502) 587-3552
Mark's areas of practice concentration are state, local and federal tax controversy resolution, litigation and planning. Mark’s practice includes acting as an advocate for clients in resolving disputes with state and local tax authorities (e.g., Kentucky Department of Revenue, Louisville Metro Revenue Commission, etc.) as well as federal administrative agencies including the Internal Revenue Service (IRS), the Alcohol and Tobacco Tax and Trade Bureau (TTB), and the U.S. Department of Agriculture’s Commodity Credit Corporation. He has counseled and advocated for clients with issues involving state and local income, gross receipts, sales and use, property, franchise/license and various excise taxes (e.g., cigarette, other tobacco products, motor fuel, motor vehicle, U-Drive-It, etc.) as well as federal income and excise taxes. Mark also has experience working in industry where he managed the state and local tax and federal excise tax planning and audit defense functions of a multi-billion dollar manufacturing concern.
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