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Contact Information:
Edward S. Kisscorni, CPA
290 Suncrest Court, SW
Grandville, MI 49418

Office: 616/233-0667
Cell: 616/443-6730
Fax: 616/233-0667

Blog: www.EdKisscorni.com/Blog1
Email: Ed@EdKisscorni.com
 



 



 

 Blog 
Tuesday, June 11 2013

MACPA Seminars Visit Three Cities in June 2013

Take this opportunity to become up-to-date on the sales and use tax law, recent amendments, new administrative rules, bulletins and court cases.  Audit procedures will be discussed along with proposed legislation on tax administration and compliance.

Register on line at the MACPA website:

Wednesday, June 19, 2013 - Best Western PLUS Sterling Inn - Sterling Heights, Michigan

http://www.michcpa.org/Aptify/Meetings/Meeting.aspx?ID=24193

 

Friday, June 21, 2013 - Hilton Grand Rapids Airport - Grand Rapids, Michigan

http://www.michcpa.org/Aptify/Meetings/Meeting.aspx?ID=24195

 

Thursday, June 27, 2013 - NMC Great Lakes Campus Hagerty Center - Traverse City, Michigan

http://www.michcpa.org/Aptify/Meetings/Meeting.aspx?ID=24194

 

Amendments to the General Sales Tax Act and the Use Tax Act

Public Act 126 of 2012 - Amends the sales tax act to eliminate the sales tax exemption for sales to inmates.

Public Act 211 of 2012 - Clarifies what constitutes the filing of a return for purposes of the statute of limitations.

Public Act 299 of 2012 - Limits the imposition of the use tax on a manufacturer contractor to affixations to real estate in Michigan; effectively eliminating the use tax on out of Michigan contracts.  PA 299 is retroactive and effective January 1, 2006.

Public Act 474 of 2012 - Amends the use tax act to provide an exemption for property purchased or manufactured by a contractor to the extent that the property was affixed to and made a structural part of real estate located outside of Michigan.

Public Act 412 of 2012 and Public Act 413 of 2012 expands the sales tax and use tax exemptions for tangible personal property used at a producing mine or a facility where beneficiation of minerals occurred.

Public Act 429 of 2012 and Public Act 467 of 2012 expands the sales and use tax exemptions for parts or other tangible personal property affixed to or to be affixed to and directly used in the operation of either a qualified truck or a trailer designed to be drawn behind a qualified truck.  Both Public Act 467 and Public Act 429 are curative and intended to clarify the original intent of the law.

Administrative Rules

Effective May 6, 2013, the Department of Treasury has promulgated a set of revised General Sales and Use Tax Rules and Specific Sales and Use Tax Rules.  Three rules were rescinded.  Notably missing was a proposed rule on single mixed transactions.

Judicial Decisions

Michigan courts issued 20 opinions on sales and use tax cases in 2012.  Two major cases will be decided by the Michigan Supreme Court in 2013.

Tax Administration and Compliance

Audit Standards - House Bill 4292 - Amends the Revenue Act

 

Transparency and Guidance - House Bill 4290 - Amends the Revenue Act

 

Audit Procedures - House Bill 4288 - Amends the Sales Tax Act and House Bill 4292 - Amends the Use Tax Act.  Limits the use of indirect audit procedures by the Department of Treasury.

Collection Goals, Budgets or Quotas - Senate Bill 327 - Amends the Revenue Act

Officer Liability/Successor Liability - Senate Bill 64 - Amends the Revenue Act

 

Offer in Compromise - House Bill 4003 - Amends the Revenue Act

 

Delayed Refunds to Taxpayers - House Bill 4002 - Amends the Revenue Act

Limitation on Time to Audit/Refund Claims - Senate Bill 337 - Amends the Revenue Act

Confidentiality - Senate Bill 316 - Amends the Revenue Act

Who Should Attend:
Individuals who desire a working knowledge of how the Michigan Sales and Use Tax works.

The Basics of Sales and Use Tax

            Sales Tax

            Use Tax 

            Exemptions

            Sourcing of Sales

            Records

            Direct Pay Authorization

            Compliance Agreements

            Exemption Documentation Requirements

Sales and Use Tax Audits and Appeals

            Sales and Use Tax Audits

            Audit Sampling Procedures

            Sales and Use Tax Appeals

            Penalty and Interests

Special Industry Application of the Sales and Use Tax

            Contractors

            Contractors vs Retailed

            Service vs Sale of Tangible Personal Property

            Industrial Processing

            Extractive Operations

            Containers, Cartons and Materials

            Healthcare

            Computer Software

            Rentals

            Interstate Motor Carrier Property

            Discounts, Rebates and Coupons

            Drop Shipments

            Delivery Services

            Food for Human Consumption

            Interstate Commerce

            Isolated Sales 

 

Posted by: Ed Kisscorni AT 05:00 pm   |  Permalink   |  Email

 

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