Objective
- Identify changes in state statutes, regulations and case law
- Determine how the states will treat changes under the Tax Cuts and Jobs Act
- Recognize areas that may require additional attention for state tax planning purposes
- Recall areas that may be costly for employers or clients
- Recognize the “who, what, when, and where” of nexus for income and sales tax
Highlights
- Emerging sales tax topics: Elimination of the physical presence standard in determining nexus (Wayfair case); economic nexus for remote sellers; assisting remote sellers in determining a plan of action in states that enforce economic nexus
- Emerging compliance issues in the new sales tax economy
- Income Tax (and other forms of tax): Economic nexus (taxation without physical presence)
- Will states shift away from income tax and increase reliance on sales tax after Wayfair?
- Treatment of Tax Cuts and Jobs Act by the states: presence of intangible property; is P.L. 86-272 still valid?
- When to consider voluntary compliance even though the laws do not dictate a sales tax responsibility
Designed For
Accountants who want an update on current multistate tax issues to minimize clients' potential state and local tax liabilityPrerequisite
Experience in corporate taxationAdvanced Preparation
None