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United States Sales Tax Reporting

United States Sales Tax Reporting. Overpayment/Liability Project. Taxation Complex. Food Prepared food Supplements Tangible personal property Bundled products. Product Taxation Matrix. Product Taxation Matrix Continued. Mini-Audit. Archaic BOBO reporting New DW reports

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United States Sales Tax Reporting

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  1. United States Sales TaxReporting Overpayment/Liability Project

  2. Taxation Complex • Food • Prepared food • Supplements • Tangible personal property • Bundled products

  3. Product Taxation Matrix

  4. Product Taxation Matrix Continued

  5. Mini-Audit • Archaic BOBO reporting • New DW reports • Liabilities • Overpayments • Calculated estimated liabilities

  6. Resolution • Prepare data for new sales tax returns • Combine overpayment data and liability data • File amended returns for periods in statute • Communicate • Prepared for audits

  7. Conclusion • Short Term – Job Security  • Long Term – Efficient and Accurate Sales Tax Reporting • The net result of the project is recovering thousands of dollars of over-remitted tax!

  8. Sources • BOBO Reports • Data Warehouse Reports • State Summary • Taxability Matrix Data • Various State Taxing Authority Websites

  9. Questions & Answers

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