NEXUS: Avoiding the Long Arms of the States Webinar

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 recent 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
Objective: 

To equip tax 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 recent 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
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Prerequisite: 

Basic knowledge of business taxation.

Preparation: 

No advance preparation required.

Level of Knowledge: 

Intermediate.

CPE Credit: 
8.00
NASBA Field of Study: 
Taxes