Minnesota Sales and Use Tax

Lorman Education Services
Training overview
1.5 hours

Minnesota Sales and Use Tax

Minnesota Sales and Use Tax

Minnesota Sales and Use Tax

Gain a better understanding of the sales and use tax obligations in Minnesota. Many businesses place so much effort on ensuring that their income taxes are filed properly, that sales tax to becomes an afterthought. When businesses do not place time and effort towards ensuring that they are collecting and paying sales tax correctly, there can be costly results. The Minnesota Department of Revenue frequently performs sales tax audits that can result in large assessments for taxpayers. This topic will give persons responsible for Minnesota sales and use tax a basic overview of taxability, which can be used as a high-level review for tax compliance. Additionally, you can confirm your understanding of best practices for filing Minnesota sales tax returns, to ensure that your filings will stand up upon review. This content will also explain the process used by the State of Minnesota to perform sales tax audits, so that you can be prepared for any future examinations. Failure to carefully review sales tax is a common error that can cause large liabilities and even bigger headaches for taxpayers. This topic will help you ensure that you are not making any costly mistakes.

Learning Objectives

  • You will be able to describe Minnesota’s sales tax audit process.
  • You will be able to identify Minnesota’s taxable services.
  • You will be able to discuss the taxability of various goods and services in the State of Minnesota.
  • You will be able to explain best practices for preparing a Minnesota sales and use tax return.

  • Who should attend?

    This live webinar is designed for accountants, CPAs, CFOs, controllers, accounts payable professionals, tax managers, presidents, vice presidents, bookkeepers and tax preparers.

    Training Content

    • Basic Concepts
    • Taxability Under Minnesota Statutes
    • Exempt Purchasers
    • Categorically Exempt PurchasesTaxability of Services
    • Statutorily Taxable Services
    • Construction
    • Direct MailPractical Concerns
    • Internet Sales
    • Local Sales Taxes
    • Exemption CertificatesBest Practices/ Audit Tips
    • Invoice Review/Return Preparation
    • Audit Procedure
    • Frequent Audit Issues

    Costs

    The cost of this Minnesota Sales and Use Tax live webinar is $219 per participant.

    Provider: Lorman Education Services

    Lorman Education Services

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