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Course/Product Description
Title:

Managing Exemptions And Resale Certificates

SKU:WC-1032101
Date / Time: 7/18/2018 / 1:00pm EST - 2:40pm EST
Format: Webinar
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Description:

Managing Exemptions And Resale Certificates

Determining eligibility for sales tax exemptions and navigating the application process can prove to be difficult for taxpayers who do business in multiple states and jurisdictions. For example, states have different application processes and requirements regarding exemption certificates.

This webinar will help you understand the difference between an item that is excluded from sales tax versus an item that is exempt from sales tax, and the associated burden of meeting this under judicial scrutiny.

In the context of sales tax exemptions, you will learn the three main categories of exemptions: use-based, product-based, and buyer-based exemptions. Further, the information will walk you through the often complicated process of applying for an exemption certificate and the proper information that must be completed in order for a seller to be eligible. Lastly, while there are certain general rules and guidelines applicable to most jurisdictions, state and local jurisdictions have nuanced rules and exemptions that do not apply everywhere.

This webinar will explain the sourcing rules and assist you in identifying the proper jurisdiction certificate in the context of an interstate sale. Compliance is critical in today's business environment. Learn some best practices to better equip your business to be aware of changes and to be in a position to support your books and records under audit.

AGENDA

Basics of Exemptions

  • What Is the Difference Between an Exemption/Exclusion?
  • Identifying the Proper Jurisdiction for Exemption Certificates
  • Sourcing Rules for Interstate Sales
Categories of Exemptions
  • Resale Certificate
  • Use-Based Exemptions
  • Product-Based Exemptions
  • Buyer-Based Exemptions
Unique Industry/Product/Jurisdiction Exemption Issue
  • Leasing
  • Common Carrier
  • Contractors Performing Work for an Exempt Entity
  • Material Handling Equipment
  • Home Rule (Louisiana, Colorado)
Exemption Application and Review Process
  • Validity of Exemption Certificate Burden of Proof
  • Completing Exemption Certificates
  • Common Mistakes in Exemption Certificates
  • MTC/SSTP Certificates
About The Presenters

Samantha K. Breslow
  • Associate with Horwood Marcus & Berk Chartered where she focuses her practice on multistate tax litigation and planning
  • Resolves state and local tax controversies for a wide array of clients, including multinational Fortune 500 companies, investment partnerships, and high net worth individuals
  • Advises clients on a range of state and local tax topics, including sales and use tax, franchise tax, corporate income tax, personal income tax, gross receipts tax, and unclaimed property
  • Co-author of CCH's Annual Guidebook to Illinois Taxes
  • Previously served as a multistate tax consultant at Deloitte Tax LLP, where she was active in state tax compliance and planning for high-yield investment partnerships, large law firms, and prominent corporations in most states and jurisdictions
  • J.D. degree, University of Illinois College Of Law; B.A. degree in English and Spanish, The University of Texas at Austin
David W. Machemer
  • Attorney with Horwood Marcus & Berk Chartered and concentrates his practice in state and local tax matters
  • Advises multistate taxpayers on the resolution of state and local tax controversies and planning opportunities in the arenas of sales and use, income, franchise, motor fuel, real property and employment taxes
  • Brings a unique and practical approach to solving clients' problems; this is a result of his prior experiences working for a large multinational financial and leasing company and also having litigated state tax cases at the Illinois Attorney General's Office
  • He understands the challenges and complexities of compliance in today's marketplace, and the significant risks and costs associated with noncompliance
  • At the leasing company, he counseled business units in the fleet passenger and trucking, manufacturing, aeronautics, marine, and health care industries on state and local tax laws
  • Defended sales and use tax audits in state and local jurisdictions all over the country; prior to that, he served as an Assistant Attorney General where he represented the Illinois Department of Revenue in state tax litigation matters


Cannot Attend The Live Presentation?

This presentation is also available in a recorded format, in On-Demand Or CD versions, as shown in the pricing options below.

About Webcasts / Audio Conferences / Podcasts:

Webcasts, audio conferences, and podcasts are presentations that you attend via the Internet, phone, or mobile device at a specified date and time for "live" versions, or at your convenience for "recorded" and "On-Demand" versions.

The live versions are interactive, meaning that participants can ask questions in real time, plus are a very cost-effective form of training because 1) you receive fast, convenient learning without any out-of-office time; 2) you can invite as many colleagues as you'd like to listen in on a single phone line; 3) you incur no travel expenses; and 4) you and your colleagues are back at work immediately after the session ends!

And though with recorded versions you do lose the ability to ask questions, you gain the ability to hear the presentation numerous times and to share it with others in your office.

Handout materials and the phone number for live presentations are made available to you prior to the event via email from the presenter and from the "MyAccount" link on the menu bar. Copies of the presentations are included with recorded versions.

About The Provider: Lorman Education Services has provided educational seminars and online training for professionals since 1987.

Since then, we've kept thousands of professionals in the United States and internationally current on the most pressing topics in a rapidly changing marketplace of ideas. Like you, we understand the need for concise, accurate information.

That understanding underlies each Lorman course, presenting the latest information on the laws and regulations critical to your organization's successful daily operations.

Moreover, each course receives our painstaking attention to be certain both the faculty and participants receive the individual attention necessary to achieve maximum benefit from the materials.
More Info: Contact Us For More Information
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