Construction Use Tax Reconciliations/Audits

Navigating a construction use tax audit as a general contractor can be complex, especially when it comes to permit reconciliation and properly accounting for materials and labor. As a former tax auditor with extensive experience in use tax audits — including construction permit reconciliation audits — I bring insider knowledge to the table. I work diligently to identify discrepancies, mitigate risks, and pursue penalty abatements, ensuring you’re not paying more than you owe. Many municipalities offer 'simplified/quick reconciliations', but are they accurate/fair?  My analysis will help you decide which method to use; especially if you have vendors that collected the city tax on invoice. 

If you're facing an audit or want to proactively prepare, let's strategize your defense.

LocalEconomix specializes in providing thorough and accurate construction equipment declarations tailored specifically for municipalities throughout Colorado. I'm very familiar with the various taxability rules common on off-highway construction machinery in municipalities, such as:

• 1/12th taxable when in city less than 30 days,
• Credit for all municipal taxes paid in the past,
• Depreciation rules that make older assets statutorily exempt.