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What We Do
“Alternative reporting procedure” is an umbrella term covering many techniques to remit taxes. Included here are calculating and submitting tax to a jurisdiction without a written agreement, estimating post-audit period liabilities with prior audit results, and other methods.
Streamline can assist with the evaluation, production, negotiation, and implementation of alternative compliance procedures, including managed audits, compliance and exposure reviews, defense vs. contract auditors, alternative reporting procedures, and more. These procedures came to the forefront almost two decades ago when both the jurisdictions and the taxpayers began looking to increase efficiency and reduce compliance costs. Today, many jurisdictions have formalized these procedures by adopting legislation and regulations to refine these programs.
Due to decreasing budgets and resources, contract auditors are now a popular vehicle for taxing jurisdictions to increase audit-related tax revenues without raising headcount. Of course, special caution must be exercised to enact a confidentiality agreement with the state. Likewise, taxpayers should be skeptical of contingency fee-based auditors, or “bounty hunters.”
