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Sales Tax in the Post Wayfair Environment 1.5 Credits 1.5 Credits

May 28, 2020, 02:30 PM ET

Sales Tax in the Post Wayfair Environment 1.5 Credits 1.5 Credits

  • Rating

    4.6

  • Published on

    December, 1969

  • Subject Area

    Taxes

Learning mode

Live Webinar
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May 28, 2020, 02:30 PM ET

Learning Objectives

  • To recognize the traditional physical presence of the nexus
  • To identify the states expansion of physical presence
  • To recall South Dakota v. Wayfair
  • To identify product or service taxability issues
  • To recognize the complexities of multi-state tax collection and remittance.

Course Overview

States have long tried to force out-of-state businesses to collect sales tax but were stymied by Supreme Court rulings that required businesses to have some type of physical presence in a state before being required to collect the tax. States actively stretched the definition of physical presence to create a workaround. This has led to a confusing web of nexus rules that continues to become more complex. 

In June of 2018, the Supreme Court of the US ruled in favor of the state in South Dakota v. Wayfair. In this ruling, the SCOTUS removed the long-standing physical presence requirement and allowed South Dakota to impose nexus if a business’s sales exceeded a dollar amount or a certain number of transactions. Since this ruling, all but a few sales tax states have put similar requirements in place. These so-called, economic nexus thresholds do not replace traditional nexus but add another layer of complexity.
Because of economic nexus, many businesses have to determine if they have nexus in states they never thought much about. If they have nexus, they need to determine if their product is taxable and set up systems to collect and remit the tax. Businesses that have traditionally only filed sales tax returns in 1 or 2 states may suddenly need to collect in dozens of states.

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.

On Demand Credits for All Qualifications

Live Webinar Credits for All Qualifications

License details Credits Status
Certified Public Accountants (CPA-US) 1.5 CPE Approved
Enrolled Agents (EA) 1.5 CE Approved
Certified Wealth Strategist (CWS) 1.5 CE Eligible
Certified Fiduciary and Investment Risk Specialist (CFIRS) 1.5 CE Eligible
License details Credits Status
Certified Public Accountants (CPA-US) 1.5 CPE Approved
Enrolled Agents (EA) 1.5 CE Approved
Certified Wealth Strategist (CWS) 1.5 CE Eligible
Certified Fiduciary and Investment Risk Specialist (CFIRS) 1.5 CE Eligible

Additional Information

Credits

1.5

Course Level

Basic

Instructional Method

QAS Self Study

Group Internet Based

Pre-requisites

None

Advance Preparation

None

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MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC 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.com.

IRS APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

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 aintenance 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.

About Instructor

Jack Schmoll

Jack Schmoll , CPA (US)

Managing Director, Schmoll CPA PLLC

  • 4.6
  • rating
  • rating
  • rating
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Jack provides only on state and local tax services. He uses his deep knowledge and broad experience to help taxpayers and other CPA firms.
I have worked exclusively in state and local taxation for 27 years, 18 in public accounting and nine with the Washington State Department of Revenue. I have very deep state tax knowledge and have assisted clients with issues in all 50 states and the District of Columbia. ​
Over my career I have had the opportunity to work with a wide variety of industries including:
  • Manufacturers
  • Software
  • High technology
  • Online retailers
  • Wholesalers/distributors
  • Healthcare
  • Professional services; and
  • Nonprofits
I have been able to consistently provide my clients with high quality, high value services by developing a deep understanding of their businesses.
Educating my clients is a key focus. My goal is to give clients the tools to identify state and local tax issues and opportunities as their business evolves.
Educating fellow accountants is also a passion. I am regularly asked to be a speaker at various tax seminars by the NCACPA, Lorman Education Services, and by other CPA firms.
​​I am an avid runner and I am actively involved with the North Carolina Association of CPAs.

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What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

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We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

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What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Reviews and Ratings

out of 5

Excellent (66%)

Very Good (28%)

Average (6%)

Poor

Terrible

AD

Ann Dominick, CPA (US)

5

Great Presenter. Really Filled In The Basics On Why Sales Tax Has Changed. Great Material And Take Away Presentation.

AB

Alex Barber, EA

5

This was a great presentation and covered all the aspects of sales taxes. Great presenter.

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