Before starting this self study progarm, please go through the Instructional Document.
DownloadCourse Details
Overview of Topics
State Tax Nexus Overview
5 minsPublic Law 86-272 Protections
21 minsCommon state income tax structure
35 minsNon-Income Based Taxes
42 minsMarket-Based Sourcing
45 mins
Course Description
Do you know whether your corporation’s activities cross state boundaries and establish a taxable presence (nexus)? Do you have the protocol in place to review and determine your multistate tax obligations? Do you have the systems in place to manage these obligations and minimize risk? Don’t wait until your company is audited to deal with the ever-changing morass of state tax laws and administrative policies governing nexus
As nexus barriers continue to get knocked down, businesses are being subjected to taxes in more and more states. The exposure faced by those who are unable to comply can be severe. Pass-through entities and their owners in particular face difficult state tax complexities. This course will examine where businesses are subject to business activity tax and how to minimize compliance burdens. Federal P.L. 86-272 provides protection for certain businesses selling tangible personal property, but is not available for service providers. Finally, attendees will learn which states conform with federal income tax provision and where decoupling exists.
With so much uncertainty in the area of business entity taxation when advising business clients, this business entity tax update webinar is a must-attend event! This free Business Entity Tax webinar will focus on providing practical advice for tax practitioners serving small & mid-size business clients.
Webinar Qualifies for
- 1 CPE credit of Taxes for all CPAs
- 1 CE credit of Federal Tax for Maryland Tax Preparers
- 1 CE credit of Federal Tax for Oregon Tax Preparers
- 1 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273)
- 1 CE credit of Federal Tax for Enrolled Agents ( IRS Approved : GEHNZ )
- 1 General Educational credit for Tax Professionals/Bookkeepers/Accountants
Learning objectives
- To identify various Nexus considerations for state business activity taxes
- To identify Federal protection from net-income based taxes under P.L. 86-272
- To identify various Conformity with Federal Income Tax provisions
- To recall the Taxation of pass-through entities and their owners
About Presenter
I am a business tax attorney who provides clients with trusted advice concerning significant transactions, tax planning, and difficult challenges encountered in their daily operations. My practice is focused on state and local tax compliance and controversies, including Ohio and multistate sales/use tax, commercial activity tax, and personal income tax issues. Additionally, I represent client in negotiating and drafting agreements for commercial and real estate transactions, and in federal income tax controversies with the Internal Revenue Service.
Because of my tax background, I often advise clients on the business and tax implications related to their corporate structure and significant transactions. I take pride in understanding my clients' business needs and objectives so I can help them achieve their goals in the most beneficial, yet practical, manner.
Also, as the Chair of the Ohio State Bar Association Taxation Committee, I have been asked to present my opinion concerning tax laws and policy to Ohio legislatures on behalf of the Bar Association. These opportunities have given me invaluable insight into the legislative process and the practical considerations that mold tax policy.
Buckingham,
Doolittle & Burroughs, LLC is a corporate law firm that counsels
middle-market executives and business leaders all over Ohio and beyond. With
offices in Cleveland, Akron and Canton, Ohio, Buckingham offers clients
sophisticated and practical legal services. Serving the region for more than
100 years, Buckingham’s mission is to deliver meaningful experiences through
the practice of law, exceed expectations in terms of service, counsel and
business sense, and to offer continuous value to the industries, communities
and clients they serve.
Review Questions
- Question 1 : 00:15
- Question 2 : 00:30
- Question 3 : 00:45
- What is relief given in the pandemic COVID – 19?
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- Which is common decoupling area of state income tax structure?
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- __________ means events that sponsored or conducted for the promotion of commercial products or services, and include advertising, private parties, private company or organization meetings, and any other non-public organization event.
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- Which state is not required to implement economic nexus with sales/use tax?
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- When substantial nexus exists is present for business activity taxes (i.e. non – sales / use taxes)?
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- MTC states for:
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- What is prong test of commerce clause protection?
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- How to register yourself in state tax?
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FAQ
- myCPE self-study courses are online.
- The self-study format allows you to access the material online 24/7 and study at your own pace.
- As per NASBA guidelines, you have one year from date of registration to complete each program.
- Complete your final exam at any time and get CPE Credit instantly. You can retake the exam multiple times without any additional charges.
- Course have minimum passing score of 70% and test takers will not be provided feedback on failed exams.
- These are Live recorded presentations converted into Self Study (On-Demand Videos).
Refund/Cancellation Policy
- For more information regarding refund, complaint and program cancellation policies, please contact our offices at 646-688-5128
- Please email to help@my-cpe.com in case of any self study program queries.
Reviews
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LKLARRY KEETER , CPANov 18th 2020Great!
NASBA Approved
MY-CPE LLC, 1600 Highway 6 South, Suite 250, Sugar Land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
IRS Approved
MY-CPE LLC, 1600 Highway 6 South, Suite 250, Sugar Land, TX, 77478
MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary
CTEC Approved
MY-CPE LLC, 1600 Highway 6 South, Suite 250, Sugar Land, TX, 77478
MY-CPE LLC (Sponsor ID# : 6273) has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.
On-Demand Webinars
GOING CONCERN - IMPLICATION IN ACCOUNTING,DISCLOSURE & REPORTING
Thursday, December 03, 2020 View Details/RegisterREGULATORY ETHICS GUIDEBOOK FOR CPAS: AICPA CODE OF PROFESSIONAL CONDUCT
Wednesday, December 02, 2020 View Details/RegisterNONATTEST SERVICES – WHAT ARE THEY AND WHY DO THEY MATTER
Wednesday, December 02, 2020 View Details/RegisterIRC 199A: 2 YEARS IN – KEY OVERLOOKED PLANNING INITIATIVES
Wednesday, November 11, 2020 View Details/RegisterBEST TAX RETURN WORKSHOP ON Partnerships & LLCs (FORM 1065) - 2020 UPDATES
Friday, November 06, 2020 View Details/RegisterITEMIZED DEDUCTION UPDATES - WITH EXAMPLES & CASE STUDIES
Thursday, November 05, 2020 View Details/RegisterExcel Accountant: CREATING ERROR-FREE EXCEL SPREADSHEETS
Monday, November 02, 2020 View Details/RegisterBEST TAX RETURN WORKSHOP ON S CORPORATION (1120S) - 2020 Updates
Friday, October 30, 2020 View Details/RegisterYELLOW BOOK BOOT CAMP - NFP AND GOVERNMENTAL ACCOUNTING & AUDITING UPDATE
Wednesday, October 28, 2020 View Details/Register
- Cost $10
- CPE Credits 1
- CE Credits 1
- IRS Course ID GEHNZ-T-00174-20-S
- CTEC Course ID 6273-CE-0186
- Subject Area Taxes
- Course Level Basic
- Instructional Method QAS Self Study
- Prerequisites None
- Advanced Preparation None
- Published Date July 07 ,2020
- Who should attend? Enrolled Agent Tax Practitioners Accountant CPA - Small Firm CPA - Mid Size Firm Accounting Firm Tax Pros CPA (Industry) Tax Firm Young CPA Entrepreneurial CPA Tax Accountant (Industry) Tax Director (Industry) VP Accounts Chief Accounting Officer Tax Managers Tax Preparer
- Handout Material Download
- Key Terms Download
On-Demand Webinars
GOING CONCERN - IMPLICATION IN ACCOUNTING,DISCLOSURE & REPORTING
Thursday, December 03, 2020 View Details/RegisterREGULATORY ETHICS GUIDEBOOK FOR CPAS: AICPA CODE OF PROFESSIONAL CONDUCT
Wednesday, December 02, 2020 View Details/RegisterNONATTEST SERVICES – WHAT ARE THEY AND WHY DO THEY MATTER
Wednesday, December 02, 2020 View Details/RegisterIRC 199A: 2 YEARS IN – KEY OVERLOOKED PLANNING INITIATIVES
Wednesday, November 11, 2020 View Details/RegisterBEST TAX RETURN WORKSHOP ON Partnerships & LLCs (FORM 1065) - 2020 UPDATES
Friday, November 06, 2020 View Details/RegisterITEMIZED DEDUCTION UPDATES - WITH EXAMPLES & CASE STUDIES
Thursday, November 05, 2020 View Details/RegisterExcel Accountant: CREATING ERROR-FREE EXCEL SPREADSHEETS
Monday, November 02, 2020 View Details/RegisterBEST TAX RETURN WORKSHOP ON S CORPORATION (1120S) - 2020 Updates
Friday, October 30, 2020 View Details/RegisterYELLOW BOOK BOOT CAMP - NFP AND GOVERNMENTAL ACCOUNTING & AUDITING UPDATE
Wednesday, October 28, 2020 View Details/RegisterPay Invoice
Registration Payment
