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Evolution of the Sales Tax Audit: Have Audits Changed with Economic Nexus?

TaxConnex

So has the sales tax audit. Examiners can still show up and go over your books in person, and tax agencies will still send audit notices via snail mail. Many events can ignite a sales tax audit. But have sales tax audits changed over the last few years, through the pandemic and the introduction of economic nexus in 2018?

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State CPA Societies in Action: Arizona Society of CPAs

CPA Practice

Celebrating its 100 th birthday in 2023, the Arizona Society of CPAs works to create opportunities for its members, while working to promote the interests of Arizona CPAs with governments and regulatory agencies and organizations. We represent the voice of the CPA profession at the Arizona Capitol,” says Yandle.

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ERC IRS Audit Representation: Your Comprehensive FAQ Guide

MyIRSRelief

ERC IRS Audit Representation: Your Comprehensive FAQ Guide The Employee Retention Credit (ERC) has been a lifeline for many businesses during challenging times, providing substantial relief. However, with the IRS actively scrutinizing ERC claims, it’s crucial for businesses to understand their rights and options when facing an audit.

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Navigating Cannabis Tax Compliance, Audits, and Section 280E

MyIRSRelief

This dichotomy creates a complex tax landscape for cannabis businesses, particularly concerning compliance, audits, and the infamous Section 280E of the Internal Revenue Code (IRC). Navigating Audit s IRS Audits The IRS has made it clear that cannabis businesses are a priority for audits. to 8.6%.

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Does sales tax apply to memberships?

TaxConnex

In recent years IHRSA lent its voice to prevent imposition of sales taxes on health club memberships in Maine, Pennsylvania, West Virginia, Wyoming, Georgia and Arizona. South Carolina recently audited three years of retail bookstore Books-A-Million’s records and discovered that no sales tax charged on Millionaire’s Club $25 memberships.

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Four years since Wayfair: A trend takes hold

TaxConnex

Companies also wondered if they were collecting and remitting the correct sales tax – and if they were at risk for audit. California had sent letters to Amazon sellers saying that they may owe years of uncollected sales taxes and be facing audits. When would states intensify audits? More states promised similar actions.

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State CPA Societies in Action: Arizona Society of CPAs

CPA Practice

Celebrating its 100 th birthday in 2023, the Arizona Society of CPAs works to create opportunities for its members, while working to promote the interests of Arizona CPAs with governments and regulatory agencies and organizations. We represent the voice of the CPA profession at the Arizona Capitol,” says Yandle.

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