Overview:
As states expand their taxing jurisdictions and power, it's vital to advise your company or clients on the delicate issues of nexus. This seminar will enable you to:
- Determine when a company must pay income taxes or collect taxes for a given state
- Understand nexus impact of sales reps, affiliated companies and other groups
- Avoid tax exposure and reduce unnecessary compliance costs
- Exploit the dollar advantage of state voluntary disclosure and amnesty programs
Objective:
To equip tax professionals with methods for analyzing the threshold presence requiring compliance with state tax laws. The seminar provides in-depth coverage of current tax nexus laws and jurisdictions. You'll also receive practical guidance on nexus questionnaires, license and registration requirements and employee nexus status.
Emphasis:
- Cases establishing nexus concepts in sales, use and corporate income taxation
– Distinction between income tax nexus, sales tax nexus and franchise nexus
– Affiliate nexus
– Tax immunity under Public Law 86-272
– Advising a client about nexus - Current state nexus activities
– Nexus implication of state registration requirements
– Nexus questionnaires: when and how to answer
– New rulings by states
– Nexus and the Internet
– Disclosure programs: benefits and pitfalls
– Recent state nexus decisions
– Multistate Tax Commission position papers - Nexus implications and planning opportunities for specific industries
– Service industry issues
– Licensing and other software issues
– Telecommunications issues
– Personal and corporate liability for failure to register, pay or collect taxes - Emerging concepts and pending litigation
