Local Tax Issues for Multistate Businesses
Author: Debra Silverman Herman, Hodgson Russ LLP
| CPE Credit: |
2 hours for CPAs |
Business taxpayers need to address the proliferation of taxes at the local level. This course focuses on the national trend for increased local taxation that has grown alongside the expansion of nexus standards. Compliance for businesses can be much more difficult at the local level due to lack of published guidance and authority. This course will address the implications and compliance challenges of local sales taxes after the U.S. Supreme Court’s Wayfair decision.
The course will also provide an overview of localities’ authority to tax, and the constitutional limitations on taxation, plus coverage of the various types of new (and old) local taxes, including business taxes, net profits taxes, payroll expense taxes, lodging taxes, leasing taxes, amusement taxes, and income taxes. Learn tips to address local audits where these special taxes create special issues.
Publication Date: November 2022
Designed For
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Topics Covered
- Section 1: Increased Proliferation of Local Taxes
- Section 2: Authority to Tax and Limitations on
Authority to Tax
- Section 3: Wayfair and Local Sales and Use Taxes
- Section 4: Local Business, Net Profits and Payroll Expense Taxes
- Section 5: Local Lodging, Leasing and Amusement Taxes
- Section 6: Local Personal Income Taxes
- Section 7: Other Local Taxes, Issues and Tips
Learning Objectives
- Identify national trend for increased local taxation that has grown alongside the expansion of nexus standards
- Recognize implications and compliance challenges of local sales taxes after the U.S. Supreme Court's Wayfair decision
- Identify the rule that notes that a local jurisdiction can exercise any power and perform any function unless it is specifically prohibited from doing so by state law
- Identify the Constitutional Clause that provides the primary constraints on the ability of a jurisdiction to impose tax on certain activities or actors
- Identify the date San Francisco's Proposition F become effective
- Identify the percent of Personal Property Lease Transaction Tax imposed by the City of Chicago
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
