Wayfair Decision & Sales Tax Nexus: What Should Remote Sellers Do Now? Self-Study Webinar (2.5 Hours)

Overview: 

In the wake of the US Supreme Court's decision in South Dakota v. Wayfair, states may now require remote sellers with no physical presence in a state to collect sales tax on sales of taxable products and services delivered to customers in that state. In fact, many states have already enacted identical or similar legislation as South Dakota’s, and some Departments have announced their intent to enforce them. As such, it is incumbent on every remote seller to monitor these developments in every state. This self-study webinar is intended to inform tax professionals of this changing landscape, and provide them with the means to address these emerging potential obligations to remote sellers.

Objective: 

To update tax professionals on the changes to sales tax nexus in the aftermath of the US Supreme Court’s decision in South Dakota v. Wayfair.

Emphasis: 
  • South Dakota v. Wayfair: Economic Nexus
    – What is economic nexus?
    – Overview of the decision and how we got here
    – Overview of state economic nexus/marketplace nexus provisions
    – What states have economic nexus? What about the other states?
    – How do they apply? When do they take effect?
    – Does it affect all sellers?
    – How does this ruling affect drop-shipments?
    – Retroactive vs. Prospective Application
    – Streamlined Sales Tax Project—why is it important?
  • Notice and Reporting
    – What is it and how does it affect sellers?
    – What states have these provisions?
    – How do they apply?
    – When do they take effect?
  • Physical Presence Nexus
    – Physical presence nexus—does it still apply?
    – Types of activities that can create nexus
    – Attributional nexus—agency, click-through, affiliate
    – Nexus in the Digital Age—what can we expect?
  • What’s on the Horizon?
    –Congressional legislative update
    – Other state legislation
    – Enforcement
    – Taxation of services
    – Litigation
  • What Remote Sellers Should Do Now

Recognize the characteristics of state economic nexus

Recognize the Supreme Court cases preceding and influencing the Wayfair decision

Identify the traditional concerns of remote sellers in the context of preceding court cases

Recognize the pre-Wayfair remote sellers’ sales tax environment

Identify the traditional triggers to state physical presence nexus

Identify the pre-Wayfair state trends in determining nexus

Recognize the economic nexus standard threshold set by South Dakota

Recognize the ramifications of South Dakota’s economic nexus model to other states

Identify the current status of the Streamlined Sales Tax Project

Identify the current status and implications of traditional state sales tax physical nexus

Identify likely next steps in the evolution of remote seller’s nexus status

 

Bottom
Price: 
$79.00
Prerequisite: 

None.

Preparation: 

No advance preparation required.

Level of Knowledge: 

Overview.

CPE Credit: 
2.50
NASBA Field of Study: 
Taxes