Join myCPE Prime with a great discount, Unlimited courses and credits for just $199. Hurry! (offer expires on July 01) Click here to start.

Contractors And Their Sales Tax Responsibilities

  • Accountant
  • AFSP
  • CRTP
  • CFE
  • CPA (US)
  • CVA
  • EA
  • ORTP
  • Maryland Tax Prep.
  • CBA/MCBA
  • CFIRS
  • CWS

Published: June, 2021

You need to register for the webinar to watch the video.

Click Here to Register

Before starting this self study program, please go through the instructional document.

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • Sales Tax vs. Use Tax
    1 mins
  • Contractors
    12 mins
  • Compliance
    29 mins
  • Exemption Certificates
    42 mins
  • Refunds
    43 mins

Course Description

Generally speaking, contractors owe sales tax when buying materials to be incorporated into real property. Sales tax is generally imposed on the “ultimate consumer.” The ultimate consumer is usually the last person to purchase and use the item. In the construction or improvement of real property, the contractor usually is considered the ultimate consumer of the tangible personal property incorporated into the reality. Contractors are generally not resellers of materials incorporated into the real property; they are considered users and consumers of materials purchased for a job. However, the type of contract can change the tax implications. 

This online CPE webinar the speaker Mark Stone, CPA covers the following major topics:

  • Who is a contractor? 
  • When does a contractor need to charge sales tax? 
  • What is a capital improvement? 
  • What are repair and maintenance? 
  • Does a contractor have to pay tax on its materials? 
  • What is a material man? 
  • Are installation, disassembly, or delivery charges taxable? 
  • Do I need to charge sales tax if I sell just materials? 
  • What exemption certificates do I need? 
  • Is carting or waste removal taxable? 

Click to access more webinars on Latest Tax Update | IRS Representation 

Learning Objectives

  • To explain who the government defines as a contractor
  • To discuss the sales tax responsibilities of contractors
  • To discuss the need to pay sales tax on materials
  • To examine the exemptions that apply to contractors

Recommended For

This online CE IRS approved webinar is recommended for CPAs, EAs, AFSPs, and Other Tax Professionals engaged in advising clients about sales tax issues

    Who Should Attend?

    • Accountant
    • Accounting Firm
    • Accounting Managers
    • Bookkeepers & Accountants & Tax Preparers
    • California Registered Tax Professional
    • CPA (Industry)
    • CPA - Mid Size Firm
    • CPA - Small Firm
    • Maryland Tax Preparers
    • Oregon Tax Preparers
    • Senior Accountant
    • Staff of Accounting Firm
    • Tax Accountant (Industry)
    • 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 of Taxes for Enrolled Agents (EA) (Approval No. GEHNZ-T-00413-21-S)
    • 1 CPE Credit for Certified Valuation Analyst (CVA)
    • 1 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
    • 1 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
    • 1 CPE Credit for Certified Fraud Examiner (CFE)
    • 1 CE Credit of Federal Tax Related Matters for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-0414)
    • 1 CE Credit of Taxes for Annual Filing Season Program (AFSP)
    • 1 CE Credit of Federal Tax Related Matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-00413-21-S)
    • 1 CE Credit of Federal Tax Related Matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-00413-21-S)
    • 1 CPE Credit for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
    • 1 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
    • 1 CE Credit for Certified Wealth Strategist (CWS)
    • 1 General Credit for Accountant/Bookeeper

    Additional details

    • Course Level :
      Basic
    • Credits :
      1
    • Instructional Method :
      QAS Self Study
    • Pre-requisites :
      None
    • Advance Preparation :
      None

    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 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.

    NASBA APPROVED

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

    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.

    CTEC APPROVED

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

    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.

    Presenter

    About Presenter

    Mark Stone

    Accounting Manager, 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.
    • Polling feature Not supported: If you are logging in through browser or web portal in the browser (zoom.us) it doesn’t support the polling feature. Please be advised the current polling feature can only be supported via Zoom desktop and mobile app. You can check the same here : https://support.zoom.us/hc/en-us/articles/203749865-Polling-for-webinars
    • 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

    22 Ratings

    Excellent

    17

    Very Good

    4

    Average

    0

    Poor

    0

    Terrible

    1

    DT

    David Then, CPA (US)

    Jan 22nd, 2022

    Great CPE

    TT

    Terri Tindall, Accountant

    Apr 29th, 2022

    This webinar had some useful information in it regarding contractors.

    WS

    Wesley Sito, CPA (US)

    Jan 6th, 2022

    Information was very useful.

    JB

    Jeffrey Bunting, CPA (US)

    Dec 31st, 2021

    The content was fine...once the website started working. I ended-up having to watch the full video TWICE because it kept crashing, and wouldn't let me answer the first review question and advance to the next two. Then, once I got through the video the first time, it wouldn't let me take the final quiz. At that point, I decided to try to log out and log back in, and I couldn't even do that! It's like all the links (except the MARKETING links, of course) were dead. 503 errors...563 errors...404 errors. And it would have been nice to know up-front, like every other cloud provider tells me, that it's basically unusable on (my company's forced default) Microsoft Internet Explorer...which I tried to use after I couldn't initially get Chrome working. I ended-up going back to Chrome, and ultimately succeeded. VERY FRUSTRATING! So far, I'm not at all pleased. I'm going to try one more self-study webinar. If I have the same type of problems, I'll be contacting you to cancel my subscription and demand a full refund.

    We use cookies to improve your experience on our website. Cookies store information about how a user interacts with Website. By clicking "Accept Cookies", you agree that MY-CPE LLC can store cookies on your device. All your data is anonymised and cannot be used to identify you.