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Seminar: Illinois Sales and Use Tax Seminar

February 23, 2016 8:30 am
February 23, 2016 12:30 pm
Laurie Silvey
Sangamo Club
219 E. Adams St., Springfield, United States, 62701

Taught by Joe Bigane, JFB Tax Consulting LLC, Paul Bogdanski, Grant Thornton, Christina Edson, True Partners Consulting, and Mark Dyckman, Illinois Department of Revenue General Counsel

Presented by the Illinois Chamber’s Tax Institute Register

Join us for a half day Illinois sales and use tax seminar. Taught by experienced practitioners, along with the general counsel of the Illinois Department of Revenue providing an update on the latest actions by the department. This seminar will provide the latest practical advice for those involved in sales and use tax compliance for business, and attorneys and accountants who advise their business clients. In addition to a review of the basics of the Illinois sales and use tax law and regulations, our presenters will provide a detailed review of compliance issues including required forms and certificates, filing requirements and recordkeeping and documentation requirements. We will provide you with the latest information on exemptions, deductions, credits and incentives. Specific industry issues will be highlighted including manufacturing, construction, and professional services. We will review Illinois law and regulations dealing with bulk sales of business assets and we will alert you to the potential pitfalls related to the Department of Revenue enforcement of laws imposing personal liability on owners and employees who are “responsible persons” for sales tax payments and returns. Finally, we will review how to handle disputes with the Department of Revenue – the audit process, the Department’s Informal Conference Board and Board of Appeals, the new Independent Tax Tribunal, Department administrative hearings and the courts.

Agenda – Illinois Sales and Use

I. Reviewing the Basics
a. The Retailers’ Occupation Tax and the Use Tax
b. The Service Occupation Tax and the Service Use Tax
c. Locally-imposed taxes
i. When do they apply
ii. What jurisdiction has the authority to tax
iii. Impact of Hartney and post-Hartney regulation.
II. Registration and Compliance issues
a. Registration
i. Required forms
ii. The concept of personal responsibility
b. Filing requirements
c. Recordkeeping and documentation requirements
i. What to keep
ii. How long to keep
iii. Common audit and enforcement issues related to recordkeeping and documentation
III. Exemptions, Deductions, Credits and Incentives
a. Exemptions
b. Deductions
c. Credits
d. Incentives
IV. Specific Industry Issues
a. Professional services
b. Manufacturing
c. Construction
V. Audits and Dispute resolution
a. The audit process
i. Importance of the opening conference
ii. Sampling
iii. Common audit issues
1. Documentation requests
2. Timing issues
b. The unagreed audit or assessment
i. The Informal Conference Board
ii. Administrative Hearings
iii. The Independent Tax Tribunal
iv. The courts
VI. News from the Department of Revenue (Mark Dyckman IDOR General Counsel)

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