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Course Details

Course Information
  • smart_display Format

    On-Demand

  • signal_cellular_alt Difficulty Level

    Intermediate

  • work Practice Area

    Corporate Tax

Date & Time
  • event Date

    Thursday, August 13, 2020

  • schedule Time

    1:00 p.m. ET./10:00 a.m. PT

  • timer Program Length

    110 minutes

Credit Information

  • BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.

  • BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

$247.00
CPE
ALL

This course will provide tax professionals and corporate finance executives with useful strategies and best practices for managing audits and negotiating state and local tax settlements. The panel will guide advisers on critical sales tax and other state tax compliance issues and current methodologies for conducting internal audits, handling state audits, settlement procedures, and required documentation. Tips and tricks on how to respond to notices and nexus questionnaires, reframe the audit, and pre-audit strategies for an audit-ready business will be covered. The panel will also provide an in-depth analysis of essential areas of concern in an audit and offer tactics for taxpayers to obtain the best tax settlements.

Faculty

Stacey L. Roberts
State and Local Tax Director
TaxOps

Ms. Roberts has been making state and local tax (SALT) less taxing for thousands of businesses over the last 25 years. As a director of the SALTovation team at TaxOps, she guides dynamic businesses through compliance and strategic planning focused on minimizing risk and strengthening tax positions. Ms. Roberts honed her specialty at Andersen Worldwide/Andersen LLP, KPMG and Deloitte before moving in-house with a Fortune 500 company to administer state and local tax. She has also led the national SALT practice at a regional firm. Ms. Roberts is a member of the Colorado Legislative Task Force Concerning Tax Policy and a frequent speaker, instructor and author on SALT issues for industry and professional organizations.

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Alexander Korzhen
SALT Senior Tax Manager
TaxOps

Mr. Korzhen joined TaxOps with over 15 years of state and local tax (SALT) specialization, driving positive tax outcomes for clients of all sizes across industries. He has extensive experience in all aspects of SALT consulting, planning and compliance.

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Connie Zoerink
State and Local Tax Director
TaxOps

Ms. Zoerink has years of public and private accounting experience specializing in state and local tax (SALT) research, compliance, automation and state tax business consulting. Through her prior roles with large multinational companies, the Big Four, and regional accounting firm experience, she has seen and tackled the gamut of state and local tax issues.

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Description

States generally have a system for selecting taxpayers for audit and will use a variety of methods in doing so. Auditors may choose taxpayers because of sales volume, nexus, and the complexity of tax returns or based on the occurrence of specific events, such as bankruptcy, location closures, and implementing an online sales platform.

States yield broad powers in pursuing back taxes, penalties, and fees for noncompliance. Tax professionals and advisers must place greater emphasis on effective methods for avoiding and managing state tax audits, and more importantly, techniques for negotiating state and local tax settlement agreements.

Listen as our panel discusses effective methods in managing complex state tax audits, approaches to obtaining the best state and local tax settlements, and provides insight on state tax assessment issues under current federal tax law.

Outline

  1. Latest state tax enforcement actions and key issues
  2. Key state tax compliance issues
  3. Managing audits
  4. Negotiating settlements and key items of concern
  5. Tax controversy abatement

Benefits

The panel will discuss these and other key issues:

  • What are standards of review and ways states find noncompliant businesses?
  • How can you manage risk from sales tax registrations and failures to file?
  • What should be on your nexus checklist to avoid tax audits?
  • What are effective tactics for negotiating state and local tax settlements?
  • What are the critical state tax controversy abatement issues and methods to overcome them?
  • When to settle or appeal state audit findings?

NASBA Details

Learning Objectives

After completing this course, you will be able to:

  • Recognize the standards of review and ways states find noncompliant businesses relating to state taxes
  • Ascertain methods for managing risk from state tax registrations and failures to file
  • Identify state tax audit triggers and develop nexus checklists to avoid tax audits
  • Ascertain tactics in negotiating tax settlements
  • Recognize critical state tax controversy abatement issues and ascertain methods to overcome them

  • Field of Study: Taxes
  • Level of Knowledge: Intermediate
  • Advance Preparation: None
  • Teaching Method: Seminar/Lecture
  • Delivery Method: Group-Internet (via computer)
  • Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
  • Prerequisite: Three years+ business or public firm experience at mid-level within the organization, dealing with complex multi-state sales and use tax collecting and reporting; supervisory authority over other preparers/accountants. Knowledge of the Multi State Tax Commission model nexus standards, the primary nexus approaches used by most states, state and local tax registration, state audit procedures.

Strafford Publications, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of Accountancy have final authority on the acceptance of individual courses for CPE Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.

IRS Approved Provider

Strafford is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).