IMPROPER SALES TAX ASSESSMENTS
The Mississippi Department of Revenue audits individual and business taxpayers. If you find yourself in an audit where you have significant financial risk, you need to immediately retain experienced lawyer to protect your interests.
How does the audit process start?
The audit process typically begins with a field audit.
What happens during a field audit?
- A field audits typically covers a 3 year time period because the statute of limitation is normally 3 years unless you did not file a return.
- It is your responsibility to provide the information necessary for the auditor to determine your correct tax liability.
- Once the field audit is complete, you will be sent a formal notice of the audit results.
- After the formal notice is sent, you have only a limited time to initiate an appeal to challenge the results.
How do you resolve the situation?
There are several opportunities during the tax appeal process for you to reduce your tax liability. The first opportunity is during an informal hearing before the Review Board. The second opportunity is at a hearing before the Board of Tax Appeals. The third opportunity is through an appeal to Chancery Court. This third opportunity is your first chance to have your case reviewed by an independent judge. Your final opportunity is to file an appeal with the Mississippi Supreme Court.
How can we help you?
We will work with you and your accounting professionals to make sure the law is followed and that your rights are protected. Where appropriate, we will bring in an experienced independent accounting expert to ensure you have the best chance at a successful outcome.
To discuss how we can help you with your tax audit or appeal, contact us by email or call 601-957-3101.