Sales and Use Tax Accounting#368017
This course has been archived and cannot be purchased.
Credit
Amount
CPA
2
Course Description
Course publication/revision date: This course was updated on 9/26/2017.
The Sales and Use Tax Accounting course discusses when sales and use taxes should be applied to a transaction. The course addresses the calculation of these taxes, when exemptions may apply, how to remit tax receipts to the government, and how to present the related tax liability in the financial statements. The course also covers many special situations, such as dealing with over- or under-collections of sales taxes, private letter rulings, sales tax holidays, and how to deal with a sales tax audit.