Sales tax audits: income tax returns prove a valuable tool for sales tax auditors.

From: California CPA | Date: March 1, 2006| Author: | Copyright information

Sales and use tax auditors routinely ask for income tax returns as part of their initial records requests. If a taxpayer or CPA is reluctant to provide the returns, the Board of Equalization simply orders copies from the Franchise Tax Board or IRS. Why the interest in a taxpayer's income tax returns?

BOE AUDIT PROCEDURES

One of the first things tax auditors look for is consistent recording and reporting. Examiners get worried when sales reported to the BOE don't tie to sales recorded in the general ledger. They get even more worried if sales on the income tax returns ...

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