Sales & Use Tax Basics (Completed)

Date: Friday, May 29, 2020
Instructor: Michael Bannasch
Begin Time:  12:00pm Pacific Time
1:00pm Mountain Time
2:00pm Central Time
3:00pm Eastern Time
CPE Credit:  2 hours for CPAs

It seems most CPAs are more comfortable with income tax issues than sales/use tax issues, so this course aims to provide a foundation (and then some) for CPAs interested in becoming more acquainted with the vitally important issues surrounding sales/use tax. The U.S. Supreme Court’s decision in Wayfair during 2018 only makes this tax more relevant to companies, so now is your chance to get the fundamentals that can start you down a path to better serving your clients or company with their sales/use tax needs.

Who Should Attend
Any CPA who is interested in growing their knowledge of tax issues affecting their clients or company by being able to be conversant in the issues of sales/use tax.

Topics Covered

  • What does the sales tax nexus landscape look like 10 months after Wayfair
  • The legal structure of sales/use tax, including implications for non-compliance
  • Taxability of services vs. tangible personal property vs. real property
  • Understanding the tax base for things like delivery and installation charges
  • Common exemptions from sales/use tax and exemption certificate management
  • Compliance solutions

Learning Objectives

  • Recognize the significance of sales/use tax on their clients or company and the costs of non-compliance
  • Identify common taxable vs. exempt transactions
  • Describe key components of the sales/use tax compliance process


Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites

Advance Preparation

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