Top 10 Errors in Audits

  • Under-reporting of sales, use and/or excise tax due to poor record keeping.
  • Not remitting use tax on goods and services purchased/used.
  • Not remitting use tax on items taken from inventory and used for construction projects.
  • Not remitting use tax on items taken from inventory for business or personal use.
  • Not remitting use and/or excise tax on owner-furnished materials (OFM).
  • Not remitting use tax on materials stored in state and taken out of state for construction projects.
  • Not remitting use tax on equipment brought in from out of state.
  • Exempting sales to taxable customers such as churches and 501(c)3 entities.
  • Not having valid exemption certificates on file.
  • Municipal tax and Municipal Gross Receipts Tax (MGRT) reporting errors.

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