CPE Packages (Incl. Ethics) for Multiple States and Qualifications Available. Price $4/credit - CLICK HERE to view.

Products and Services Subject to Sales Tax

4.5 (212)

Mark Stone

Sales Tax Defense LLC

Thursday, March 18, 2021 | 11:00 AM EDT

  • AFSP
  • CPA
  • EA
  • Tax Preparer
  • CTEC

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-00412-21-O)

1 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273) (Approval No. 6273-CE-0413)

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

1 CE credit of Federal Tax for Oregon Tax Preparers (Approval No. GEHNZ-T-00412-21-O)

1 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-T-00412-21-O)

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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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. 

Sale Tax depends on three main factors: your nexus (or which states you have a connection with - you are only liable to pay tax in states that you have a connection with), the products or services in your product catalog (different tax rates apply to different products) and when you are exempt from taxes (this can differ from state to state as well).

Determining the correct tax that you should apply on your invoices. The tax that applies to the products in your product catalog: certain kinds of products are taxed differently in the US (for example, food products are exempt from tax in California). You should check with your individual state government as to which goods and services sold in your state are subject to sales tax.

This online CPE webinar for CPAs covered key topics:

  • How is tangible personal property taxed? 
  • What is the taxability of food? 
  • What is the taxability of intangible property? 
  • What is the taxability of real property? 
  • What is the taxability of the service I offer? 
  • When can I accept exemption documentation? 
  • What exemption documentation do I need? 
  • What happens if I ship out of state? 
  • Is it the job location or billing address that matters? 
  • Do I have to worry about the taxability of my purchases?

Learning Objectives

  • To discuss what types of products and services are subject to sales tax.
  • To examine the taxability of various products and services
  • To discuss how shipping or exemption documentation effects a seller’s responsibility to collect tax.

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Bookkeepers & Accountants & Tax Preparers
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small 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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(
    [no_of_record] => 212
    [average] => 4.5330
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4.5

(212)
62%
31%
5%
0%
1%

BK

Enjoyed the webinar!

AR

Great experience

JG

Very insightful instructor.

BM

Really helpful, great content and examples!

RM

Great webinar!

NH

Very good presentation considering there are 50+ different sets of laws covering sales taxes.