Sales tax collection obligations following Wayfair6 mins
Registering and complying with for sales tax collection30 mins
Exemption Certificate Compliance36 mins
Challenges for service providers45 mins
Managing Exposure52 mins
Following the seminal U.S. Supreme Court decision in South Dakota v. Wayfair, states are able to force remote vendors to collect sales tax. This course will examine the ramifications economic nexus has had on many large and small retailers that sell products via e-commerce. The new nexus landscape has caused businesses and their professional advisors to review and update their sales tax collection practices, including obtaining exemption certificates from many customers in states where never previously required. Additionally, it has created significant obstacles of the growing number of service providers that deliver their service through the Internet, as states differ substantially on if and how such services are taxed.
This webinar will help public accountants and those in the industry identify when nexus is created, the steps in determining the taxability of products and services, and the steps in complying with any new collection requirements.
I am a business tax attorney who provides clients with trusted advice concerning significant transactions, tax planning, and difficult challenges encountered in their daily operations. My practice is focused on state and local tax compliance and controversies, including Ohio and multistate sales/use tax, commercial activity tax, and personal income tax issues. Additionally, I represent client in negotiating and drafting agreements for commercial and real estate transactions, and in federal income tax controversies with the Internal Revenue Service.
Because of my tax background, I often advise clients on the business and tax implications related to their corporate structure and significant transactions. I take pride in understanding my clients' business needs and objectives so I can help them achieve their goals in the most beneficial, yet practical, manner.
Also, as the Chair of the Ohio State Bar Association Taxation Committee, I have been asked to present my opinion concerning tax laws and policy to Ohio legislatures on behalf of the Bar Association. These opportunities have given me invaluable insight into the legislative process and the practical considerations that mold tax policy.
Doolittle & Burroughs, LLC is a corporate law firm that counsels
middle-market executives and business leaders all over Ohio and beyond. With
offices in Cleveland, Akron and Canton, Ohio, Buckingham offers clients
sophisticated and practical legal services. Serving the region for more than
100 years, Buckingham’s mission is to deliver meaningful experiences through
the practice of law, exceed expectations in terms of service, counsel and
business sense, and to offer continuous value to the industries, communities
and clients they serve.
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary
MY-CPE LLC (Sponsor ID# : 6273) has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.