Correcting Overcharged Taxes to Recover Big Refunds

This oilfield service company partnered with Merit Advisors after quickly expanding into multiple states.

Challenge:

With their rapid growth, the company was concerned about how it was taxing sales in its new territories.

Merit Solution:

• Merit Advisors reviewed the client’s rate book, assigning taxability to each item, and discovered they were charging unnecessary tax on almost 100% of sales.
• Our team also audited sales tax collections for prior periods to calculate past overpayments.
• Merit then filed refund claims and developed a strategy to secure credits for overpaid taxes and refund customers where appropriate.

Result:

In addition to securing refunds, Merit implemented a tax matrix and monthly compliance process to help our client collect the correct sales and use tax moving forward.

$6 Million

Sales & Use Tax Refunds