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Course Details

Course Information
  • smart_display Format

    On-Demand

  • signal_cellular_alt Difficulty Level

    Intermediate

  • work Practice Area

    Corporate Tax

Date & Time
  • event Date

    Thursday, October 6, 2022

  • schedule Time

    1:00 p.m. ET./10:00 a.m. PT

  • timer Program Length

    110 minutes

Credit Information

  • BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.

$247.00
CPE
ALL

This webinar will explain what products and services qualify for multiple points of use (MPU) reporting in specific states. Our panel of state and local tax experts will discuss appropriate and beneficial sourcing methods, applying for exemptions of MPU purchases, and the process of receiving refunds of prior sales tax paid in individual states.

Faculty

Christopher Stephen
Director
Andersen Tax, LLC

Mr. Stephen has over 14 years of experience providing state and local tax services. His primary focus is sales and transaction taxes, and Washington gross receipts tax.

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Jin Choi
Director
Andersen Tax, LLC

Ms. Choi has over 16 years of multi-faceted tax experience providing State and Local Tax consulting services to U.S. and international businesses. She assists companies in identifying tax savings and implements tax planning strategies to minimize sales, use, gross receipts, and state income (franchise) tax burden.

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Description

Software and information services can be delivered electronically or through the cloud. These products and services are often procured or hosted in one location for distribution and use throughout the U.S. An analysis of these purchases can provide significant sales and use tax savings, sometimes in retrospect. At least nine states offer some exemption for MPU purchases of software and digital services. The application of these exemptions varies significantly in each state.

Even after the purchase, opportunities exist for refunds of sales and use tax. Recently Massachusetts' Supreme Judicial Court ruled that corporations can apportion sales tax on software sold for multistate use and apply for retroactive refunds of amounts paid. (Oracle USA Inc. v. Commissioner of Revenue).

In response to this ruling, Technical Information Release (TIR) 22-8 was issued May 19, 2022, to guide the abatement of previously paid sales tax on MPU assets. Sales and use tax professionals must stay abreast of the latest guidance on MPU products and services to minimize sales and use tax paid by multistate companies.

Listen as our panel of indirect tax experts reviews multiple points of use allocations, exemptions, and refund opportunities available in specific states.

Outline

  1. Multiple points of use (MPU): introduction
  2. Products and services qualifying for MPU exemptions
  3. Sourcing options
  4. State approaches to exemptions
  5. Applying for refunds
  6. Practical application in specific states
    1. Massachusetts
    2. New York
    3. Texas
    4. Washington
    5. Other states
  7. Best practices

Benefits

Our panel will review these and other critical issues:

  • Selecting beneficial and practical methods for sourcing MPU assets
  • Applying for a Massachusetts sales tax refund under TIR 22-8
  • Identifying products and services that qualify for MPU exemptions
  • Applying for a refund of previously paid MPU taxes in specific states

NASBA Details

 

Learning Objectives

After completing this course, you will be able to:

  • Understand the history of sales and use tax.

  • Identify what qualifies as multiple points of use (MPU) software and how it is taxed.

  • Recognize common MPU purchases.

  • Differentiate among types of cloud computing.

  • Determine how sourcing receipts from services and intangibles are treated.

  • Ascertain key factors in the refund claim process.

  • Field of Study: Taxes
  • Level of Knowledge: Intermediate
  • Advance Preparation: None
  • Teaching Method: Seminar/Lecture
  • Delivery Method: Group-Internet (via computer)
  • Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
  • Prerequisite:

    Three years + business or public firm experience at mid-level within the organization, preparing complex tax forms and schedules, supervising other preparers/accountants. Specific knowledge and understanding of state sales and use tax, multiple points of use (MPU) software, digital products taxability, types of cloud services, and streamlined sales and use tax agreement; familiarity with sourcing rules and the refund claim process.

Strafford Publications, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of Accountancy have final authority on the acceptance of individual courses for CPE Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.