Nexus: Understanding Your Income/Franchise Tax and Sales/Use Tax Filing Obligations (Completed)

Nexus is a fundamental concept in the state tax world, but it is also controversial and ever-changing. Why do certain activities create nexus while others don’t? Does physical presence nexus still have any relevance after the U.S. Supreme Court’s Wayfair ruling? What should you know about nexus as a helpful tax-saving concept, not just one that means a company is taxed in more and more jurisdictions? This course will help you understand the fundamentals and relevance of nexus, and will provide practical information you can use with your clients or your company.

Who Should Attend
CPAs in public practice or in industry who are responsible for state tax matters for clients or companies that operate in more than one state.

Topics Covered

• Review of the judicial development of the nexus concept
• Ways that physical presence nexus can be created or avoided
• The meaning of economic nexus and how states are applying it
• How factor presence nexus operates as a form of economic nexus
• The protections of Public Law 86-272 for net income tax
• The impact of Wayfair on nexus determinations for all taxes

Learning Objectives

• Recognize the conditions that create nexus and tax filing obligations
• Identify the potential value of nexus creation outside a company's home state
• Recognize and apply the protections of Public Law 86-272 to minimize net income tax exposure

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None