State Tax Nexus And New Developments: Wayfair Edition
Webinar: ID# 1010293
About This Course:
There are 100,000 state and local jurisdictions in the U.S., and all have taxing power, and that taxing power changed with the U.S. Supreme Court's Wayfair decision.
About The Wayfair DecisionA state's ability to impose taxes on a multi-state business has historically been limited by nexus standards rooted in the U.S. Constitution. In 2018, the U.S. Supreme Court, in South Dakota v. Wayfair, overturned its long-standing rule in Quill Corp. v. North Dakota, that nexus, for state use tax collection purposes, requires some form of physical presence in the taxing state.
What This Training Session CoversThis training session discusses the emerging trends re economic nexus for income and sales tax purposes; highlights methods to minimize nexus and tax and penalties for prior periods; examines special areas including internet sales, software, electronic services, and use tax notification requirements; identifies useful tools for researching nexus; and reviews in detail the rules for nexus and sourcing in eight bellwether states, which cover more than 50% of markets and economic activity within the U.S.
Agenda / Covered Topics- Basic principles of income, gross receipt, and sales tax nexus
- Emerging trends including economic nexus for income and sales tax purposes
- The U.S. Supreme Court case Wayfair
- Special areas including internet sales, software, electronic services, and use tax notification requirements
- Tools for researching nexus
- Rules for nexus and sourcing in major states
- Taxes
CPE Credits!In addition to the great training, you also receive 4 hours of CPE credits!
Included MaterialsAll ACPEN courses include handouts that are available to download. Handouts typically include a version of the slides used by the presenter, as well as a full course manual or other materials.
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Continuing Education Credits:
Click the 'Credits' tab above for information on PHR/SPHR, PDCs, and other CE credits offered by taking this course.