Although DTS has many years of experience conducting reverse audits within various states and industries, we are not a “turnkey” reverse audit shop. Nonetheless, we do regularly use our TaxView software to assist our clients and partners with identifying what recoveries should be made during all open periods. Upon completion of our review, you’ll know exactly how much money is on the table so you can quickly and easily determine the best way to recover it. In fact, TaxView’s Refund Center capability will also help you build and track whatever claims you choose to file – with vendors or taxing jurisdictions.
TaxView is the ideal tool for performing ASC 450 (FAS 5) projects. Not only will it identify the amount of exposure a company may have during a particular period, it will also quantify and document that exposure down to the penny. This documentation will be invaluable when/if material deficiencies exist and help streamline any needed Voluntary Disclosure Agreement (VDA) processes.