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Understanding Use Tax Audits
A use tax audit is a review of a business’s compliance with use tax laws. It can be a daunting process, but with proper preparation, its impact can be minimized. What is a Use Tax Audit? Use taxes are imposed on the storage, use, or consumption of tangible goods purchased outside a state but brought into the state for personal or business use. A use tax audit is an examination of a business’s records to determine if use taxes have