CPE PACKAGES (Incl. Ethics) for Multiple States and Qualifications @ $4/credit. CLICK HERE to view.

Multistate Tax Update: Nationwide Nexus Expansion & Significant Compliant Developments For Vendors

Multistate Tax Update: Nationwide Nexus Expansion & Significant Compliant Developments For Vendors

1 Credit

$10

Subject Area

Taxes

Webinar Qualifies For

1 CPE credit of Taxes for all CPAs

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

1 CE credit of Federal Tax Law Update for California Tax Professionals (CTEC Approved-6273)

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

1 CPE credit for Certified Management Accountants (CMA)

1 CPE credit for Certified Fraud Examiners (CFEs)

1 CE credit of Federal Tax Update for Oregon Tax Preparers

1 CE credit of Federal Tax for Maryland Tax Preparers

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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.

Overview

  • Sales/Use Tax Basics
    4 mins
  • Marketplace Facilitators Required to Collect Tax
    16 mins
  • Exemption Certificate Rules to Know
    22 mins
  • What if no exemption certificates upon commencement of audit?
    30 mins
  • Non-Sales Tax Ramifications
    41 mins
  • SALT Cap Workaround
    51 mins

Course Description

The U.S. Supreme Court's decision in South Dakota v. Wayfair drastically changed the rules governing when a state could require an out-of-state business to comply with its sales tax laws. In response, nearly every state that imposes a general sales tax has enacted new rules to adopt and impose an “economic nexus” standard for sales tax compliance purposes. And while the concept of “economic nexus” has been around for several years in the corporate income tax world, this concept now permeates and has broadened nearly all aspects of tax compliance. During this online continuing education course, we’ll discuss the significant overlap, as well as the stubborn distinctions, between nexus rules for income tax and sales tax purposes. And we will review key recent developments in multistate income and sales tax compliance.

Beyond sales tax collection, states are facing revenue shortfalls from the pandemic and becoming more aggressive in enforcement of other taxes as well. Multistate businesses face substantial complexities with understanding where and which states taxes they must comply with. 

This online CPE/CE Course will examine these complexities to help you identify where state tax obligations exist and potential avenues for minimizing compliance burdens.  

Key topics covered in this online CPE/CE webinar:

  • Sales Tax: Wayfair, a Practical Approach
  • Sales Tax: Marketplace Providers and Multistate Sourcing Rules
  • Corporate Income Tax & Telecommuting in this Changed Landscape
  • Nexus, UDITPA, MTC
  • Calculation of state taxable income
  • Filing methods for multistate taxpayers
  • Apportionment and allocation
  • Multistate income tax planning

The online CPE webinar will be very helpful for CPAs, EAs, and other tax professionals as they will gain invaluable guidance on advising clients.

You may be interested in the following related webinars:

  1. Business tax webinars
  2. Individual tax update webinars

Learning Objectives

  • To determine where sales tax nexus exists and how to comply with multistate sales tax collection obligations
  • To evaluate when other state businesses are subject to taxes outside their home state
  • To discuss when services are subject to sales tax, especially for providers of Software-as-a-Service and web-based services
  • To discuss various cutting edge planning opportunities to avoid or minimize state tax obligations
  • To elaborate how voluntary disclosure agreements and amnesty programs can absolve past tax delinquencies and facilitate future compliance

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Bookkeepers & Accountants & Tax Preparers
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial Accountant
  • Entrepreneurial CPA
  • 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

Testimonial

4.5

(2)
50%
50%
0%
0%
0%