Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2026 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
Sales and use tax laws are complex. In addition to the thousands of taxing jurisdictions across the country, tax laws change and create additional confusion. In addition, the same products are routinely taxed differently, resulting in more challenges. You need to stay fully compliant with all tax laws, including those affecting sales and use tax. Learn how to stay fully compliant while saving your company or organization money.
In this course, industry expert and corporate tax attorney Steven D. Mercatante Esq. takes a look some of the more common problems experienced by CPAs, accounts payable, and tax departments related to remitting state level Sales & Use requirements.
Publication Date: February 2024
Topics Covered
- Whether merely having customers in a state or generating income from a state is enough to create tax obligations
- Recent judicial and legislative developments in State Sales and Use Law
- Strategies to remain IRS compliant when doing business and generating revenue in different states
- How to avoid fines
- The latest Sales and Use updates
- Which states you may be most at risk
- Aggressive new nexus standards for multistate sellers
- Sales and use tax rules for electronic commerce
Learning Objectives
- Identify whether merely having customers in a state or generating income from a state is enough to create tax obligations
- Identify the latest Sales and Use updates
- Recognize how to spot in which states you may be most at risk
- Identify aggressive new nexus standards for multistate sellers
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
Instructor
Steven D. Mercatante
Steven Mercatante is the principal and founder of TIR Consulting, LLC. He is a nationally recognized leader in tax reporting education and consulting on specialized compliance issues. He has conducted on-site consultation for corporate clients from across the world and led countless seminars and webinars for Convey Compliance Systems, IAPP, Balance Consulting, The Accounts Payable Network, Accounts Payable Now and Tomorrow, Progressive Business Conferences, The Center for Competitive Management, and more.
He is also a published author, with numerous articles published on tax and financial law, and he has authored and published a series of tax guides on topics such as: W-9/1099 & W-8/1042-S compliance and reporting, payment cards, U.S. State & Local Reporting, worker compensation issues, international tax compliance, and more.