What Do You Mean I Have to File in That State? Nexus for the Perplexed (Completed)

Date: Thursday, January 9, 2020
Instructor: Timothy Noonan
Begin Time:  11:00am Pacific Time
12:00pm Mountain Time
1:00pm Central Time
2:00pm Eastern Time
CPE Credit:  1 hour for CPAs
1 hour Federal Tax Related for EAs and OTRPs
1 hour Federal Tax Law for CTEC

What do you mean I have to file in that state? It’s a common question today for businesses as states are becoming increasingly aggressive regarding tax filing responsibilities, especially in the wake of the 2018 Wayfair decision. The problem is that just trying to determine when your company or client is “doing business” in another state is a moving target. This session class introduces you to the basic concepts underlying state tax nexus, and brings you up to date on the latest developments in the field including all the new Wayfair economic nexus standards, and their application to a range of businesses.

Topics Covered

  • Basic concepts underlying state tax nexus
  • Clarify the confusing differences between nexus for sales tax and nexus for income tax
  • Latest developments in the field
  • Wayfair economic nexus standards

Learning Objectives

  • Identify the Wayfair case and its impact across the country
  • Differentiate between nexus for sales tax and nexus for income tax
  • Recognize how to explain the protections provided by P.L. 86-272 as well as its limitations
  • Identify and manage activities that may trigger a state tax filing obligation

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (1 hour)

Program Prerequisites
None

Advance Preparation
None

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