Multistate Sales Tax Issues in a Digital World (Currently Unavailable)
Author: Joseph N. Endres, Hodgson Russ LLP
| CPE Credit: |
2 hours for CPAs |
This two-hour CPE course focuses on some of the difficult sales tax issues raised when doing business in a digital world. It suggests compliance and planning strategies for dealing with the various rules regarding sales tax on goods and services used in multiple jurisdictions.
Sales tax rules are changing now more than ever since the Wayfair decision in June 2018. Compliance can be confusing as you try to understand who taxes what and how (or where) they tax it.
In a straightforward and easy-to-understand manner this course will help you address current state sales tax issues and challenges. Mr. Noonan, author of the "Noonan's Notes" in Tax Analysts’ Tax Notes State and a frequent contributor to CCH Webinars, will help you identify the sales tax process steps to consider if you are a seller or purchaser of goods and services used in multiple jurisdictions.
Publication Date: November 2021
Designed For
Tax and accounting staff responsible for state sales tax compliance and planning; business owners, CPAs, EAs, tax attorneys and other business and financial advisors working with business clients on state sales tax compliance and planning.
Topics Covered
- Overview of Digital Products
- Sales Tax Nexus Considerations
- Sales Tax on Software
- Sales Tax on Digital Products and Services
Learning Objectives
- Recognize and gain a practical understanding of where (in which states) your business needs to collect sales tax
- Describe the corporate and tax implications of doing business on the web
- Identify which states tax digital products/services
- Recognize how digital sales are taxed when in multiple places
- Identify situations that create nexus
- Recognize the different Sourcing Methods
- Describe factors within the Wayfair Checklist
- Identify examples of a digital product often sold to both consumers and businesses
- Identify the Wayfair dollar threshold for Alabama
- Recognize which state the way transactions are measured not defined
- Recognize which state Saas in not taxable
- Identify which state passed the nation's first state tax on the digital advertising revenues in February 2021
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
