Contractors And Their Sales Tax Responsibilities | CE Credit Online

This Course is Also Available in Self Study (On-Demand)

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Course Description
Course Qualification
Presenter
Faq

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/CE webinar covers the following 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

Recommended For

This IRS-Approved CE course is recommended for CPAs, EAs, AFSPs, Tax Practitioners, Tax Planners, and Other Tax Professionals desiring to learn about contractors' sales tax responsibilities.

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

Course Qualification

Webinar Qualifies For

1 CE Credit of Taxes for Tax Professionals (Approval No. GEHNZ-T-00413-21-O)
1 CE Credit of Taxes for Enrolled Agents (EA) (Approval No. GEHNZ-T-00413-21-O)
1 CPE Credit for Certified Valuation Analyst (CVA)
1 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
1 CE Credit of Federal Tax Related Matters for California Registered Tax Preparers(CRTP) (Approval No. 6273-CE-0414)
1 CE Credit of Taxes for Annual Filing Season Program (AFSP)

Presenter

About Presenter

Mark Stone

Managing Partner Sales Tax Defense LLC

Mark L. Stone is the Managing Partner of Sales Tax Defense LLC. He founded the firm in 2008. The firm specializes in Sales, Use and Transaction Taxes. Services include sales and use tax consulting, audit defense, settlement negotiation, and preparing and filing sales tax returns in multiple states. He represents companies and individuals before state taxing authorities and through the appeals process. Mark has testified as an expert witness in sales and use tax court cases as well as assisted attorneys and other accountants in their representation of clients in criminal investigations.

Mark began his career as a sales tax auditor for the New York State Department of Taxation and Finance. After gaining experience working for the State, he moved on to work at several prominent accounting firms such as Raich Ende Malter LLP and The Marcum Group LLP. In 2008, he decided to open his own firm solely focusing on sales and use tax. During this time, he was also an adjunct graduate school professor at Long Island University C.W. Post Campus.

Mark has written articles in several publications such as Long Island Business News, New York State Society of CPAs Nassau Chapter Newsletter, Daily News, and Long Island Pulse Magazine.

He is a frequent speaker for different organizations and has spoken for the New York State Society of CPAs, the Nassau County Bar Association, the Suffolk County Bar Association, as well as for various accounting firms and businesses.

About Company

Sales Tax Defense LLC

www.salestaxdefense.com/

Sales Tax Defense LLC is a boutique tax-consulting firm that only provides sales, use, and transaction tax advice. We are a dedicated team committed to helping accountants, attorneys, fellow professionals, businesses, and their clients understand and comply with the sales and use tax laws. When there is a sales tax problem, we work to quickly and cost effectively resolve the sales and use tax issue, and then provide guidance to help avoid similar problems in the future. When we are engaged or referred by a fellow professional, we respect the relationship that they have with their client. We work only to resolve the sales tax issue and return the client to that professional with an enhanced sense of confidence in them.

Faq

FAQs content

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