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Last Updated: 10/26/2015

What if I'm being audited?

​What happens when your business is audited by the Department of Revenue?  What is an Occupation Tax audit?  What do we look at?  What happens after the audit?  These are just a few questions you may have. The following will explain what you can expect.

What is an Occupation Tax audit?

The audit is a review of your business's records and tax filings to check if you're correctly reporting your Occupation Tax.

What do we look at during the audit?

We'll review how you calculated your gross income, depreciation, miscellaneous expenses, and income amounts.  We may ask you to have other records available, including:

  • your final adjusted Trial Balance
  • schedules and/or supporting documentation for any deductions or production costs reported on your return, such as
    • depreciation and fixed assets
    • depletion
    • employee benefit programs
  • copies of Depletion documentation
  • spreadsheets used in preparing your return
  • copies of federal audit reports (if you have any), also known as "revenue agent reports" or RARs

What happens after the audit?

After the audit, we'll send  a final report that outlines the results. This report will include details on any additional tax, penalty, and interest you may owe, or if you're entitled to a refund.

If you still need more information, please contact the tax specialist who conducted the audit.

Click here, for more information about the audit process and your rights during an audit.