Advanced Sales and Use Tax Topics & Case Studies



8:30 a.m. - 10:20 a.m.                       

I.          Overview of Arkansas Sales and Use Tax              

A.        Gross Receipts (Sales) Tax

            B.         Compensating Use Taxes

                        1.  Consumer Use

                        2.  Vendor Use

*          Gross Receipts and Compensating Use Tax Case Study

            C.        Local Taxes

                        1.  Local Taxes Generally

2.  Local Taxes for Direct Pay Permit Holders

            *          Local Tax Case Study


II.        Definitions Key Terminology

            *          Definition Case Study


III.       Ethics                                                                                     


10:20 a.m. - 10:30 a.m. BREAK


10:30 a.m. - 12:00 p.m.

IV.       Enumerated Services                                    

            A.        Exclusions and Exemptions

            B.         True Object Test

            C.        Repair Service

D.        Taxable Services and Exempt Services


V.        Exemptions                                                    

            A.        Type of Transaction

            B.         Type of Purchaser

            C.        Type of Use

            D.        Incentives

            E.         Exemption Documentation


12:00 p.m. - 1:00 p.m. LUNCH (included)


1:00 p.m. - 2:20 p.m.

V.        *          Exemption Case Study                     


VI.       Tax Research and Tools

A.        How to Read Statutes and Regulations

            B.         Sales and Use Tax Resources


VII.     Contractor

            A.        Definition of "Contractor"

            B.         Multiple Roles of a Contractor

C.        Contracts with Federal Government Agencies

D.        Contracts with Direct Pay Permit Holders

            *          Contractor Case Study


2:20 p.m. - 2:30 p.m.  BREAK


2:30 p.m. - 4:30 p.m.

VIII.    Audits

            A.        Facts               

            B.         How to Handle and Audit

            C.        Summation of Handling an Audit

            *          Audit Case Study

            D.        Audit Case Study Summary


IX.       Protesting the Audit

            A.        Preparation

            B.         Procedure

            C.        Presentation

            D.        Appeals Process



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