Overview:
This targeted seminar will give you the know-how to apply the myriad rules for sales and use taxes. You will:
- Identify common “traps for the unwary”
- Learn when a company or client should charge sales tax and pay use taxes on purchases
- Know how electronic commerce is taxed and how to defend against an audit
Objective:
To give tax professionals a working knowledge of sales and use taxes as they apply across the US. You will learn to identify taxable transactions and how to document nontaxable and exempt transactions. You will also gain insights on agency "click-through" nexus and Amazon.com rules, drop-shipments, the Streamlined Sales Tax Project and the Internet Tax Freedom Act.
Emphasis:
- “Retail sales” vs. “sales for resale”
- When an out-of-state seller must collect tax
- Sales tax tools
- Letter rulings
- The audit and appellate process
- Solving problems while controlling and minimizing exposure
- Personal and transferee liability for unpaid tax
