NEXUS: Avoiding the Long Arms of the States Webinar
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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 webinar will enable you to:
- Determine when a company must pay income taxes or collect taxes for a given state
- Understand the Supreme Court’s decision in South Dakota v. Wayfair and its implications, including economic nexus provisions being adopted by states
- Effectively deal with the nexus impact of sales reps, affiliated companies and other factors by which physical presence nexus may be attributed to an out-of-state taxpayer
- Learn about the future trends for nexus standards
- Exploit the dollar advantage of state voluntary disclosure and amnesty programs
This course qualifies for IRS Continuing Education Credit.
Objective
To equip tax and other financial professionals with methods for analyzing the threshold presence requiring compliance with state tax laws. The webinar 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
– The Supreme Court’s decision in South Dakota v. Wayfair and its implications
– Distinction between income tax nexus, sales tax nexus and franchise nexus
– Evolving nexus standards, including agency nexus, “click-through” nexus, affiliate nexus, economic nexus and remote seller notice requirements
– Federal nexus legislation and jurisprudence
– 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
– 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
- Evolving nexus standards and federal legislative efforts
This course is included in the following subscriptions:
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View SubscriptionsPrerequisite
Basic knowledge of business taxation
Level of Knowledge
Intermediate
CPE Credits
8
Hours
NASBA Field of Study
Taxes