PRODUCTS AND SERVICES SUBJECT TO SALES TAX

Mark Stone

Sales Tax Defense LLC

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

  • AFSP
  • CRTP
  • CPA
  • EA
  • ORTP

1 CPE | 1 CE

FREE

Subject Area

Taxes

Webinar Qualifies For

1 CPE credit of Taxes for all CPAs

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

1 CE credit of Federal Tax for Enrolled Agents ( IRS Approved : GEHNZ )

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 Update for Enrolled Agents ( IRS Approved : GEHNZ )

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.

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?

  • Tax Attorney
  • Tax Practitioners
  • Accountant
  • CPA - Small Firm
  • CPA - Mid Size Firm
  • Accounting Firm
  • Tax Pros
  • CPA (Industry)
  • Tax Firm
  • Young CPA
  • Tax Accountant (Industry)
  • Tax Director (Industry)
  • Tax Managers
  • Accounting Managers
  • Tax Preparer
  • Bookkeepers & Accountants & Tax Preparers
  • Tax Professionals