CBIA Top 10 Audit Mistakes 5 09 (3).PPT

TOP 10 AUDIT MISTAKESFelicia S. Hoeniger, Esq.Robinson & ColePaul Greenfield, Tax Unit ManagerConnecticut Department of Revenue Services1Introduction• Connecticut Sales and Use Taxes – Why Should You Care?– Overview– Real-Life Examples– Resources• The Audit Process– Audit Selection– What To Expect– Post-Audit Options• Top 10 Audit Mistakes– Cardinal Sins – General Mistakes– Mistakes a Sales Tax Expert Will Not Make2Why Should You Care?• DRS Search HomeAbout UsPublications & FormsContact Us• 100 of the Top Delinquent Business Taxpayer Accounts• The Top 100 Delinquent Business Taxpayer Accounts (Sales, Withholding and Corporation Business Taxes) List will next be updated (i.e., deletions and/or additions) mid May 2009.• 100 of the Top Delinquent Business Taxpayer AccountsDeficient in Excess of 90 Days as of April 1, 2009 ••• SPROCKET SPORTS LLC20 EXCALIBUR BLVD Sales and UsePLAINFIELD, CT $1,147,288.87••WHITE OAK CORP7 WEST MAIN ST Sales and UsePLAINVILLE, CT $928,146.51••RENAISSANCE MANAGEMENT CO300 WHALLEY AVE FL 3 Sales and UseNEW HAVEN, CT $706,634.21••B G A INCORPORATED113 GRAND AVE Sales and UseNEW HAVEN, CT $667,408.21••ZAR B S JAVED I561 NEW HAVEN AVE Sales and UseMILFORD, CT $653,593.63••3Sales & Use Taxes Overview• If it Was Easy We Wouldn’t Be Here• Connecticut Sales & Use Taxes Apply to– All Sales of Tangible Personal Property, • Unless Exempt–1 1 6 E x e m p t i o n s– Sales of Enumerated ...