Breakdown of State-Specific Economic Nexus Provisions Self-Study Webinar (1.5 Hours)

This informative self-study webinar will provide a state-by-state breakdown of economic nexus provisions in a Post-Wayfair world. Dillon Tax Consulting President, Mike Dillon, will identify and categorize states within economic and marketplace nexus thresholds. In addition, he’ll review notice and reporting requirements, explain the current status of physical presence nexus, and share potential future developments.
 

AGENDA HIGHLIGHTS

•  What States Have Economic Nexus?
   – South Dakota-style economic nexus thresholds
   – Other states’ economic nexus thresholds
   – Marketplace economic nexus

•  Notice & Reporting Requirements
   – States with forced compliance
   – Severe penalties for non-compliance
   – Physical presence nexus

•  What Can We Expect?    
   – Decisions facing remaining states
   – Nexus free for all? Patchwork of different standards and thresholds from state to state
   – Heightened enforcement of existing nexus laws
   – More economic nexus standards—double since Wayfair
   – Potential for “virtual” nexus provisions (e.g., cookies)
   – States begin taxing more services
   – Retroactive application of new nexus laws
   – Lower thresholds
   – Lawsuits challenging the constitutionality of state nexus provisions
   – Congressional action?
   – Drop shipments

LEARNING OBJECTIVE  To provide accounting and tax professionals with a thorough breakdown of state-specific economic nexus
provisions in a Post-Wayfair world, and a preview of what impacts to expect.

PREREQUISITE  Working knowledge of state and local sales tax.    ADVANCE PREPARATION  None.    PROGRAM LEVEL  Overview.  
NASBA FIELD OF STUDY  Taxes.    DELIVERY METHOD  Self-Study.