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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 19, 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 webinar will address the typical taxes assessed to businesses transporting products throughout the U.S. Our panel of SALT professionals will discuss typical taxes imposed by states, exemptions, and best practices for moving goods from, to, and through states focusing on practices to mitigate a company's overall tax burden.

Faculty

Jeffrey S. Reed
Partner
Kilpatrick Townsend & Stockton LLP

Mr. Reed chairs the firm's State and Local Tax Practice. He helps tax directors, business owners, and individuals manage state and local tax risks and exposure, including assessing the strength of corporate tax positions, evaluating whether charges are subject to sales tax, and representing taxpayers in disputes with revenue agencies throughout the U.S. He brings a practical, pragmatic approach to state and local taxation, one that takes into account reserve considerations, legal and administrative guidance, and anticipated revenue agency responses. He is particularly experienced with New York and Massachusetts tax controversies, corporate tax planning, assessing the anticipated state tax consequences of mergers and acquisitions, and analyzing the taxability of electronic commerce and emerging business models. He has resolved disputes with most tax agencies in the United States, and also has broad experience with IRS audits and appeals, and unclaimed property.

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Jason C. Skrinak
Founder
Pivot Strategic Consulting

Mr. Skrinak is the Founder of Pivot Strategic Consulting. With over 20 years of experience in public accounting and a background in State and Local Tax (SALT) consulting, he is highly regarded throughout the region for his deep knowledge and expertise in SALT. Mr. Skrinak has specialized knowledge in various Pennsylvania taxes, including sales and use tax and corporate net income tax. He has also helped clients with numerous multi-state tax issues, dealing with various corporate taxes. Mr. Skrinak has significant experience representing taxpayers before Pennsylvania’s Board of Appeals and the Board of Finance in Revenue. He has also testified before the Pennsylvania Senate Finance Committee on topics including state tax reform.

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Description

Transporting people and goods is crucial to our economy. The number, types, rates, and whether an item is taxed varies widely by state. Goods can be delivered by air, train, truck, boat, or other method. Regardless of the mode of transportation, businesses must consider the tax implications of each state.

Common carrier services might not be taxable but could still be subject to sales tax. Delivery charges may or may not be taxed depending on whether these services are provided by a third party, charged separately, or combined with other items. Trucking companies traveling through many states can face a myriad of state and local taxes. They can be subject to tax obligations in the originating and destination states as well as the states traveled through. Fortunately, exemptions do exist. Some states eliminate taxes for passenger vehicles. Other states provide a sales tax exemption for the purchase or lease of transportation vehicles used for transport within the state. SALT professionals working with transportation companies must grasp the nuances of sales taxes and exemptions for transportation.

Listen as our panel of sales and use tax experts explains the typical state and local taxes imposed by states as well as the most common exemptions.

Outline

  1. Types of Transportation Companies
  2. Nexus for Transportation Companies
  3. Type of State Taxes for Transportation Company
  4. Apportionment and Sourcing
  5. Sales and Use Tax Concerns
  6. Legal, Tax, Operational Issues

Benefits

The panel will cover these and other significant issues:

  • Typical SALT taxes assessed for transporting goods across state lines
  • Sales tax exemptions available for transporting people and products
  • How transportation services are taxed in New York and California
  • Best practices for lowering interstate taxes

NASBA Details

Learning Objectives

After completing this course, you will be able to:

  • Identify SALT taxes commonly charged for transporting items across multiple states
  • Ascertain ways to mitigate interstate taxes when transporting goods
  • Determine specific exemptions for transportation companies
  • Decide how businesses transporting goods are taxed in California

  • 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 preparing complex tax forms and schedules, supervising other preparers or accountants. Specific knowledge and understanding of SALT taxation, nexus and apportionment as it applies to multi-state businesses.

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.