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Course/Product Description
Title:

2014 Update On Current Economic Nexus Standards In State Taxation

SKU:WC-1013871
Date / Time: Recorded
Format: Webinar
Description:

2014 Update On Current Economic Nexus Standards In State Taxation

Do you or your clients sell online? Then it is imperative that you understand new business tax liabilities in terms of nexus.

A state's ability to impose taxes on a multistate business is limited by nexus standards rooted in the U.S. Constitution. In 1992, the U.S. Supreme Court reaffirmed its long-standing rule and held in Quill Corp. v. North Dakota that nexus, for use tax collection purposes, requires some form of physical presence in the taxing state.

In today's economy, however, states are continuing to push nexus limits farther than ever before and are now clearly reaching beyond traditional notions of nexus by relying on economic connections to create nexus. Is merely having customers in a state or generating income from a state enough to create tax obligations?

This live webinar will explore the concept of economic nexus and update recent judicial and legislative developments. Understand emerging trends in this area and why merely having customers in states with economic nexus statutes could subject you to new business tax liabilities.

Learn how to handle nexus inquiries and which states to look out for in terms of nexus planning. This is a must for any business that sells to or generates receipts from customers in states where they otherwise have no other connections.

AGENDA

  • Due Process and Commerce Clause Nexus - The General Rule
  • U.S. Supreme Court Authority - What Is Substantial Nexus?
  • Controversy in State Courts Regarding Whether Quill's Physical Presence Test Applies to Taxes Other Than Sales and Use Tax
  • Different Standard Based on Type of Tax? (Sales Tax, Franchise Tax, Gross Receipts Taxes, Income-Based Taxes)
  • P.L. 86-272 Imposes Additional Restrictions in Addition to Commerce Clause Issue
  • Does Merely Having Customers in a State or Generating Income From a State Create Tax Nexus?

Discussion of Recent and Pending Cases Impacting Out-of-State Vendors

Case Law Update - Commerce Clause

  • Nexus Litigation in the State Courts
  • Intangible Holding Company Cases
  • Credit Card Cases
  • U.S. Supreme Court Activity and Inactivity
  • Economic Substance and Business Purpose Cases

Case Law Update - Due Process Clause, Scioto and Conagra Cases

Legislative Update - Economic Nexus, Click-Through Nexus, What's Next?

  • What (and Where) Is Economic Nexus?
  • The Pairing of Economic Nexus and Gross Receipts
  • What (and Where) Is Click-Through Nexus?
  • Overview of Click-Through Nexus Statutes
  • Overview of Cloud Computing Issues
  • Current Constitutional Challenges
  • Multistate Tax Commission - Factor Nexus Proposals
  • Federal Legislative Efforts - Business Activity Tax Simplification Act and Market Place Fairness Act Legislation
  • State Tax Legislative Efforts

Nexus Enforcement Activity - How Does Nexus Affect Your Business Model?

  • Multistate Businesses and Internet Marketing
  • Financial Institutions and Credit Card Companies
  • Intangible Licensing Activities
  • Gift Card Income, Other Special Purpose Entities
  • How to Handle Nexus Assertions

Don't wait; Order today!

Cannot Attend The Live Presentation?

This presentation is also available in a recorded format, in CD version, 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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