About this Course
This course explains the issues involved with sales and use filings, payments, credits, and refunds, as well as the consequences of late filing. It also discusses the significance of letter rulings and other issues related to sales and use tax compliance. Upon completion of this course, you will be able to: Name the requirements to register to collect and remit sales taxes
Describe the filing requirements for different types of entities
Recall the states'?? requirements for display of the tax collected on the invoice
Explain the use of direct pay permits
List the advantages of online filing and payment
Explain how the statute of limitation operates
Describe how to handle claims for refund and bad debt credits
Review the assessment and abatement of penalties and interest
Explain the â??personal responsibility statutes and their impact on individuals
Explain the use and importance of letter rulings
Describe the Streamlined Sales Tax and its impact
List the advantages and disadvantages of managed audits