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NC COUNTY SALES TAX REALLOCATION AUDIT
ARE
YOU RECEIVING ALL SALES TAX DUE YOUR COUNTY?
 (Tax
Reduction Specialists) is a division of URS. We specialize in sales tax
reallocation audits for North Carolina county governments.
PROBLEMS WITH SALES TAX REALLOCATION
- Many non-profits
are not filing properly.
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Many vendors are not compliant with current NC sales tax law.
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Often counties are missing sales tax revenue from construction projects.
A Sales Tax Reallocation audit is the only way to correct these problems.
WHY YOU NEED A SALES TAX REALLOCATION AUDIT
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Reduced sales tax collections due to economic slowdown.
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Impact of point of purchase vs. point of destination sales tax
receipts.
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County agencies assume that others are filing claims
correctly.
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There is no financial incentive for vendors and non-profits to
file correctly.
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Tax refund claims filed by other agencies can negatively
affect the county's refund.
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Counties lack the time, staff, and expertise to handle this
function internally.
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Claimants and vendors are not always properly
trained when turnover occur.
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If your county does not reallocate, and others do, tax dollars
could be lost.
WHAT WE DO
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Review County non-profit organization records
-Refund claims
-Tax filings
-Vendor files
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Copy necessary records - we do the work
- Identify
non-compliant vendors as determined from our proprietary
database.
- Provide
report of findings to county
- Submit
filings for reallocation including preparation of refund claims.
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Represent the County in the event the Department of Revenue
requires additional information before approving reallocation
filings.
WHY CHOOSE TRS?
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TRS has filed over $25 million in refund claims since 2002
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More county refund opportunities with the January 1, 2002 law
change
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County staff does not have time or essential "confidential"
information necessary to conduct this audit.
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TRS has a staff of tax professionals.
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Over 20 years combined experience in NC sales tax auditing
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A well defined methodology for sales tax recovery under the 2002
tax law
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TRS proprietary "non-compliant vendor" database
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60 NC county sales tax clients since fall 2001
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Constant communication with the NC Department of Revenue on tax
issues
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Non-intrusive electronic retrieval of claimant data
We market and provide the service and do not sub contract any of
the work.
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