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Contractors And Their Sales Tax Responsibilities

  • AFSP
  • CPA (US)
  • CVA
  • EA
  • Tax Preparer
  • CTEC
Contractors And Their Sales Tax Responsibilities

1 Credit

FREE

Subject Area

Taxes

Webinar Qualifies For

1 CPE credit of Taxes for all CPAs

1 CE credit of Federal Tax for Enrolled Agents ( IRS Approved : GEHNZ ) (Approval No. GEHNZ-T-00413-21-O)

1 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273) (Approval No. 6273-CE-0414)

1 CE credit of Annual Filing Season program (AFSP)( IRS Approved : GEHNZ )

1 CPE credit for Certified Fraud Examiners (CFEs)

1 CPD credit (Verifiable) for Certified Valuation Analyst (CVA)

1 CE credit of Federal Tax for Oregon Tax Preparers (Approval No. GEHNZ-T-00413-21-O)

1 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-T-00413-21-O)

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

Course Description

Generally speaking, contractors owe sales tax when buying materials to be incorporated into real property. Sales tax is generally imposed on the “ultimate consumer.” The ultimate consumer is usually the last person to purchase and use the item. In the construction or improvement of real property, the contractor usually is considered the ultimate consumer of the tangible personal property incorporated into the reality. Contractors are generally not resellers of materials incorporated into the real property; they are considered users and consumers of materials purchased for a job. However, the type of contract can change the tax implications. 

This online CPE webinar covers major topics:

  • Who is a contractor? 
  • When does a contractor need to charge sales tax? 
  • What is a capital improvement? 
  • What are repair and maintenance? 
  • Does a contractor have to pay tax on its materials? 
  • What is a material man? 
  • Are installation, disassembly, or delivery charges taxable? 
  • Do I need to charge sales tax if I sell just materials? 
  • What exemption certificates do I need? 
  • Is carting or waste removal taxable? 

Learning Objectives

  • To explain who the government defines as a contractor
  • To discuss the sales tax responsibilities of contractors
  • To discuss the need to pay sales tax on materials
  • To examine the exemptions that apply to contractors

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Bookkeepers & Accountants & Tax Preparers
  • California Registered Tax Professional
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Senior Accountant
  • Staff of Accounting Firm
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Professionals
  • Tax Pros
  • Young CPA

Testimonial

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4.5

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MS

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Again I Learned.

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Expanding my tax knowledge through education.

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VK

I love these informative webinars on a variety of topics.