This seminar is designed for accountants, tax managers, controllers, enrolled agents, CFOs and officers for businesses who have sales in more than one state.
This seminar is designed to aid taxpayers in minimizing their tax and to avoid liability for failing to collect or pay taxes actually owed. Emphasis will be placed on the taxes of California, Idaho and Washington.
Areas to be discussed include:
• Incidence And Nature Of Sales And Use Taxes
• Nexus Issues
• Taxation Of Services
• The Tax Base
• Multistate Exemptions And Exclusions
• Multistate Tax Audits
8:30 a.m. - 8:55 a.m.
I. Introduction And Seminar Overview
B. Seminar Agenda
C. Break Schedule
D. Written Materials
8:55 a.m. - 9:30 a.m.
II. Incidence And Nature Of Sales Tax Types And Use Taxes
A. Registration Requirements
B. Types Of Sales Taxes
C. Imposes Of Taxes
D. Tax Collection Responsibilities
E. Transactions Subject To Tax
F. Requirements For Separate Statement Of Tax
G. Tax Reimbursement
H. Vendor Discounts
I. Use Taxes
9:30 a.m. - 10:30 a.m.
III. Sales And Use Tax Nexus Issues
A. Nexus – In General
B. U.S. Constitutional Principals
C. State Statutory Approaches To Sales/Use Tax Nexus
D. Selected Nexus-Producing Activities
1. Regular And Systematic Market Exploitation
2. Attendance At Tradeshows
3. Engaging In Activities Through Agents And Affiliates
4. Internet Mail Activities
E. How States Identify Unregistered Sellers
F. Voluntary Disclosure Agreements
10:30 a.m. - 10:40 a.m.
10:40 a.m. - 12:00 p.m.
IV. Taxation Of Services
A. New Services Subject To Tax
B. Services Provided Across State Borders
C. Services Provided Over The Internet Or Electronically
12:00 p.m. - 1:00 p.m.
Lunch (On Your Own)
1:00 p.m. - 1:30 p.m.
V. The Tax Base
A. “Gross Receipts” And “Selling Price” Defined
B. Adjustment To Tax Base
1:30 p.m. - 2:30 p.m.
VI. Multistate Exemptions And Exclusions
B. Transaction In Interstate And Foreign Commerce
C. Purchases/Sales For Resale/Exemption Certificates
2:30 p.m. - 2:40 p.m.
2:40 p.m. - 4:15 p.m.
VII. Multistate Tax Audits
A. Contract Audits
B. Managed Audits
C. Taxpayer Rights
D. Procedural Matters
E. Audit Strategies
4:15 p.m. - 4:30 p.m.
X. Questions And Answers