What records do most jurisdictions review when carrying out sales tax audits?
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Barry Paddock II
We incur multiple sales and use tax audits on an annual basis and auditors will ask for a large assortment of documents. What we typically provide on the sales side of the audit is a sales report and copies of exempt sales certificates. For use tax the auditors typically review all fixed asset invoices and request a copy of the general ledger to select a sampling of invoices to be reviewed. Typical records that we do not provide to a sales and use tax auditor are a copy of our consolidated income tax return, complete organizational charts and any document that can be found on our website as a part of our public filings.
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620 weeks ago