Source: http://www.in.gov/legislative/iac/20130626-IR-045130267NRA.xml.html
Timestamp: 2014-10-01 19:10:53
Document Index: 146520981

Matched Legal Cases: ['§ 6', '§ 6', '§ 6', '§ 6', '§ 6', '§ 6', '§ 6']

04-20130157.LOF
Letter of Findings: 04-20130157
Authority: IC § 6-2.5-2-1(a); IC § 6-2.5-2-1(b); IC § 6-2.5-9-3; IC § 6-8.1-5-1(c); Indiana Dep't of State Revenue v. Rent-A-Center East, Inc., 963 N.E.2d 463 (Ind. 2012); Lafayette Square Amoco, Inc. v. Indiana Dep't of State Revenue, 867 N.E.2d 289 (Ind. Tax Ct. 2007).
Taxpayer argues that the Department of Revenue's audit overstated the amount of gasoline sold at its convenience store.
II. Business Expenses – Gross Retail Tax.
Authority: IC § 6-8.1-5-1(c); IC § 6-8.1-5-4; IC § 6-8.1-5-4(c).
Taxpayer maintains that the Department of Revenue's mischaracterized some of its vendor transactions as taxable purchases.
III. Inventory – Gross Retail Tax.
Taxpayer states that the Department of Revenue's audit overstated the amount of sales tax it should have collected from its customers because some of the costs assessed by the audit reflected items which remained as unsold inventory at the time the audit was concluded.
The Department of Revenue ("Department") conducted an audit review of Taxpayer's books and records. The audit began June 2012 and concluded January 2013. The audit resulted in the assessment of additional sales/use tax. Taxpayer disagreed with the assessment and submitted a protest to that effect. An administrative hearing was conducted by telephone during which Taxpayer's representative explained the basis for the protest. This Letter of Findings results.
Taxpayer's protest is sustained in part subject to audit review.
In all substantive respects, Taxpayer's protest is denied; however, the Audit Division is requested to review the gasoline vendor invoices and purported lease payments and determine whether the assessment should be revised based on that review.
DIN: 20130626-IR-045130267NRA
Composed: Oct 01,2014 3:10:55PM EDT