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  • videocam On-Demand
  • signal_cellular_alt Intermediate
  • card_travel Corporate Tax
  • schedule 110 minutes

Nexus and Apportionment Issues: State and Local Taxes, Sales and Use Taxes, Market-Based Sourcing of Receipts

$247.00

This course is $0 with these passes:

CPE
ALL
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Description

Application of state tax nexus rules to out-of-state businesses continue to evolve. Most states adopted economic nexus laws for income tax while shifting towards market-based sourcing, while all states that impose sales tax now have Wayfair-based economic nexus provisions. Even before COVID-19, the telecommuting of employees from their home state has caused nexus and income apportionment issues for multistate companies.

Now businesses must consider whether the presence of an employee working from home, even if temporarily, creates taxable nexus for the employer in that state. How will telecommuting impact income sourcing? Tax professionals must understand applicable state tax laws and identify critical issues such as apportioning income, contradicting state rules, and other vital items to implement strategies to minimize state taxes.

Listen as our expert panel provides a practical guide to crucial nexus and apportionment issues, allocating income between the home state and states where remote employees provide services, sourcing rules, and related topics, and the current state of nexus standards and key nexus developments in state taxation.

Presented By

Timothy R.J. Howe
Partner
Smith & Howard

Mr. Howe leads the firm’s sales and use tax practice. He has over a decade of tax, technology, and business advisory experience, most recently as the Director of Operational Tax for a large franchise restaurant company in Atlanta. In this position, Mr. Howe was responsible for $30+ million in tax remittances each month, improving tax processes, and assisting in research and audit defense activities for sales and use tax, property tax, business license and 1099 compliance activities. He also spent several years at a Big 4 firm, providing IT project delivery and project and program management expertise with software implementations, risk management, and internal audit projects. Mr. Howe has provided tax advisory services to a wide range of clients in the manufacturing, power and utilities, software, and financial services areas and has an in-depth knowledge of SOX 404 compliance.

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Ilya A. Lipin
Tax Principal, Mid-Atlantic Region State and Local Tax Practice Leader
BDO USA

Mr. Lipin provides clients with state tax advice in the area of multistate income taxes, sales and use taxes, tax controversy, compliance, and various SALT aspects that arise from M&A transactions.

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Credit Information

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

  • BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

Date + Time

  • event

    Thursday, November 10, 2022

  • schedule

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

  1. Nexus standards and implications during and post COVID
  2. Nexus developments impacting remote sellers
  3. Economic presence as a strategy for states to extend tax reach
  4. Navigating apportionment and sourcing issues and ensuring compliance
  5. Planning strategies to minimize state tax risks based on nexus

The panel will discuss these and other key issues:

  • What are the recent state developments on nexus standards?
  • How have nexus standards changed in some states due to COVID-19?
  • What are the critical apportionment and sourcing issues and methods to avoid them?
  • What are the issues unique to service providers?
  • What multistate planning strategies and technology solutions are available in light of the shift in nexus standards?

Learning Objectives

After completing this course, you will be able to:

  • Ascertain how various states are interpreting and regulating nexus post-Wayfair.

  • Determine when a business can rely on PL 86-272.

  • Understand how various states are now interpreting PL 86-272.

  • Ascertain key apportionment issues.

  • Identify critical sourcing issues.

  • Discern the impact of recent states cases on nexus and sales and use tax liability.

  • 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 nexus regulations governing the state and local tax liabilities of out-of-state businesses selling tangible personal property in foreign states, providing services to customers in foreign states and apportionment; familiarity with PL 86-272 protections for out-of-state sellers of tangible personal property, the Wayfair decision, the Multistate Tax Commission (MTC), and sourcing.

BARBRI 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.

IRS Approved Provider

BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

BARBRI CE webinars-powered by Strafford-are backed by our 100% unconditional money-back guarantee: If you are not satisfied with any of our products, simply let us know and get a full refund. Contact us at 1-800-926-7926 .