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 webinar, 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 the enforcement of other taxes as well. Multistate businesses face substantial complexities with understanding where and which states taxes they must comply with. 

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

Learning Objectives:-

• To determine where the 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 on how voluntary disclosure agreements and amnesty programs can absolve past tax delinquencies and facilitate future compliance

Key Topics:-

• 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

Who Should Attend:-

• Accounting Firm
• Bookkeepers & Accountants & Tax Preparers
• California Registered Tax Professional
• Certified Fraud Examiner
• Certified Management Accountant (CMA)
• Certified Valuation Analysts
• CPA - Mid Size Firm
• CPA - Small Firm
• CPA in Business
• Maryland Tax Preparers
• Oregon Tax Preparers
• Tax Accountant (Industry)
• Tax Attorney
• Tax Director (Industry)
• Tax Firm
• Tax Managers
• Tax Practitioners
• Tax Professionals