Nexus Update: Latest Developments in State Income, Franchise, and Sales Taxes
Description
The barriers to doing business across state lines have significantly decreased in recent years. However, this creates additional issues for taxpayers and their prepares in determining where and when they have nexus in a state which would require them to file either state income tax or sales tax returns. This class will not only help equip you in learning the various ways that states define and enforce nexus but also in how to determine when your company or client has nexus in a state, thus requiring the filing of tax returns.
Learning Objectives
At the completion of this program:
Recall what questions to ask clients to help them determine if they have nexus for income or sales tax and how to assess the answer
Recognize the current tax law issues
Identify consulting and planning alternatives for clients
Major Topics
Understand the history of nexus issues, including court cases and the new "expanded views" that states are taking
Learn to examine the operational activities of your clients through the use of checklists and questionnaires to help them determine if they have nexus for income, franchise, and sales taxes and how to assess their nexus
articipate in case studies designed to give you the skills you need to determine if a client has nexus for income, franchise and sales tax
Discuss up-to-the-minute developments in Internet sales and aggressive law changes in certain states to collect sales tax from this group
Explore planning opportunities to avoid nexus
Discuss the alternatives available once a client has determined that they have nexus in a state
Provider
AICPA
Course Level
Intermediate
Professional Area of Focus
Tax
CPE Field of Study
Taxes
8
Who Should Attend
CPAs in public practice who want to expand the scope of services they provide to clients and CPAs in industry who want to understand their exposure to nexus issues.
Instructor(s)
Charles Borek
Prerequisites
Basic knowledge of multistate tax issues
Advanced Preparation
Location
Loyola Graduate Center
2034 Greenspring Dr Lutherville-Timonium, MD21093US
