Sales Tax Basics for Convenience Stores & Gas Stations
This video explains the sales tax basics and what states look for during a sales tax audit of a convenience store or gas station business. States often use third party data, such as beer & cigarette (ABT) purchases, 1099-k reports, and federal returns to estimate the amount of sales tax due by the business. It also discusses the importance of having a professional like a sales tax lawyer, CPA, or former auditor handle the sales tax audit. It does not focus on a particular state, but rather lays out the process from a multi-state perspective.