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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

    Tuesday, February 21, 2023

  • 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 course will provide tax professionals and advisers an in depth analysis of the requirements and compliance issues of state sales tax exemptions and resale certificates. The panel will discuss the criteria for securing sales tax exemptions and resale certificates, recent state regulations hampering compliance protocols for multistate businesses, and retailer documentation, as well as offer best practices to ensure compliance.

Faculty

Nancy Steele
State and Local Tax Coordinator
TaxOps

Ms. Steele brings project management and implementation know-how to helping businesses seamlessly integrate sales tax automation into business operations. She is a two-time Sales Tax Nerd of the Year finalist (2020 & 2021), as distinguished by the Sales Tax Institute, and featured in the Sales Tax Institute’s “Women to Watch in Sales Tax” series. 

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Judith B. Vorndran
Partner
TaxOps

Ms. Vorndran helps clients and tax professionals navigate the morass of state and local tax issues with the goal of making it less “taxing!” She is a nationally recognized thought leader and award-winning instructor with a steady focus on finding ways to simplify complex state and local tax issues and resolve areas of state tax controversy.

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Connie Zoerink
State and Local Tax Director
TaxOps

Ms. Zoerink has years of public and private accounting experience specializing in state and local tax (SALT) research, compliance, automation and state tax business consulting. Through her prior roles with large multinational companies, the Big Four, and regional accounting firm experience, she has seen and tackled the gamut of state and local tax issues.

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Description

Businesses selling into the resale, wholesale, or exempt entity markets fall under a vast web of compliance duties. When assisting clients with meeting their multistate sales and use tax compliance obligations, tax professionals must understand critical issues and requirements for securing sales tax exemptions and resale certificates.

When it comes to sales tax, businesses must either collect the tax or obtain documentation that exempts the seller from collection obligations and protects the seller with a resale certificate. Just as in other areas of sales tax compliance, securing sales tax exemptions and resale certificates can be a daunting task for multistate companies. Not every state accepts other states' resale certificates, wholesalers can't rely on their vendors to collect sales tax, and the multistate jurisdiction certificate is often insufficient.

Listen as our panel of experts discusses challenges in securing sales tax exemptions and resale certificates, and recent state regulations disrupting compliance efforts, as well as offers best practices to ensure compliance.

Outline

  1. Requirements and challenges of sales tax exemptions
  2. Recent state sales tax exemption updates
  3. Key issues for resale certificates
  4. Retailer documentation

Benefits

The panel will discuss these and other key issues:

  • What are the requirements and key issues in obtaining sales tax exemptions?
  • What are the challenges in securing resale certificates and methods to ensure compliance?
  • How do states differ in their treatment of sales made to exempt organizations and government agencies?
  • How do sellers know what exemptions apply to a transaction?
  • What is meant by a "properly completed" certificate?
  • How can a business minimize exposure to audits?

NASBA Details

Learning Objectives

After completing this course, you will be able to:

  • Recognize state requirements for obtaining sales tax exemptions
  • Ascertain methods for securing resale certificates and meeting state law requirements
  • Identify critical issues involving recent state tax law regulations hampering compliance protocols for multistate businesses
  • Identify challenges in retailer documentation for purposes of sales tax exemption and resale certificates

  • 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 plus 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 practical guidance to avoid the most common and costly risk areas in sales and use tax compliance.

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.