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Introduction To Use Tax

  • AFSP
  • CPA (US)
  • CVA
  • EA
  • ORTP
  • CRTP
  • Maryland Tax Prep.

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

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  • Course Description
  • Course Qualification
  • Presenter
  • Faq

Course Description

Course Description

Sales tax is a type of gross receipts tax imposed by most states on the sale of “tangible personal property” (such as computers, chairs, car parts, furniture, etc.) and certain services (such as information services, software services, etc.). Every state has a different set of rules that controls what types of items and services are taxed. Also, every state has different types of exemptions and exclusions from sales tax that favor some businesses and can be costly to others. 

Most business owners are unaware that even if you believe you are not required to collect sales tax, proper exemption paperwork from their customers should still be obtained. Also, most business owners are completely unaware of USE TAX being due on their nontaxable sales. 

To prevent out-of-state sellers from having a competitive advantage over in-state sellers, all states (that have a sales tax) impose a “use tax” on in-state purchasers. This use tax requires all purchasers (individuals and businesses) to pay use tax on any item normally subject to sales tax unless the applicable sales tax has already been paid. 

This online CPE webinar covers the following key topics:

  • What is use tax? 
  • What happens when an in-state vendor does not charge me sales tax? 
  • What happens when an out-of-state vendor does not charge me sales tax? 
  • What is my responsibility with use tax? 
  • How do I pay use tax? 
  • Are there penalties for not paying use tax? 
  • Am I personally liable for use tax? 
  • Is there a statute of limitations for the payment of use tax? 
  • What tax rate do I apply to use tax? 
  • What if I have never paid use tax before? 

Click for more webinars on Tax updates | Business Tax | Tax planning etc

Learning Objectives

  • To provide basic understanding about Use Tax
  • To discuss who is responsible for paying Use Tax
  • To explain how to compute and pay Use Tax

Recommended For

This tax webinar is recommended for tax professionals who are involved in providing Sales tax related advices to their clients.

    Who Should Attend?

    • Bookkeepers & Accountants & Tax Preparers
    • California Registered Tax Professional
    • Certified Fraud Examiner
    • Certified Valuation Analysts
    • CPA (Industry)
    • CPA - Mid Size Firm
    • CPA - Small Firm
    • Enrolled Agent
    • Maryland Tax Preparers
    • Oregon Tax Preparers
    • 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 for California Registered Tax Preparers(CRTP) (Approval No. 6273-CE-0419)
    • 1 CRE Credit for Certified Financial Examiner (CFE)
    • 1 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
    • 1 CPE Credit for Certified Valuation Analyst (CVA)
    • 1 CE Credit for Enrolled Agents (EA) (Approval No. GEHNZ-T-00418-21-O)
    • 1 CE Credit for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-00418-21-O)
    • 1 CE Credit for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-00418-21-O)
    • 1 CE Credit 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

    • To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
    • Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
    • You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
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    • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
    • If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
    • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
    • You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
    • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
    • myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.

    Ratings and Review

    4.6

    247 Ratings

    Excellent

    158

    Very Good

    80

    Average

    7

    Poor

    0

    Terrible

    2

    RWH

    Regina W Hubbard

    Sep 29th, 2021

    The Presentation was great. The presenter was very knowledgable and information delivery was excellent. He's my second best Presenter during my first experience in taking courses with My-CPE.

    KL

    Keisha Lane, Tax Pros

    Sep 29th, 2021

    Mark was excellent!

    HN

    Hari Narayan, CPA (US)

    Sep 29th, 2021

    myCPE is great

    RMP

    Rahul Menon P, EA

    Sep 29th, 2021

    It was well informative

    LL

    Linda Lemonier, Tax Pros

    Sep 1st, 2021

    Clarified the Use tax topic. There were things that were cleared up for me

    Introduction To Use Tax

    $10

    1 Credit

    Subject Area

    Taxes

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