Training Course Syllabus:
Sales and Use Tax in Ohio
Know the Latest Compliance Requirements and Developments
Accounting for sales and use taxes can be one of the most complicated and frustrating tasks accountants and lawyers tackle. States are cracking down on these taxes and yet the laws and definitions are as ambiguous as ever. Interstate and e-commerce sales are the norm today, but do you know exactly which transactions require taxing and reporting to the Department of Revenue and IRS? Don't just hope your clients stay under the government's radar; proactively ensure you are complying with the myriad of regulations. This seminar will bring you up to date on best practices when accounting for sales and use tax. Learn how to decipher whether or not a business has nexus in a state and identify what products and sales are exempt from sales tax; legally report tax information and resolve tax disputes. Back taxes and penalties can be costly for any business - don't leave your clients liable. Register today!
- Understand the latest federal and state developments regarding sales and use tax enforcement.
- Review how interstate and e-commerce sales have complicated reporting requirements.
- Be able to confidently identify when your business has nexus in a state.
- Review how physical presence and economic presence can impact your taxes.
- Know the unique filing requirements for your state.
- Avoid common record-keeping errors that can be costly for your business to remedy.
- Avoid expensive penalties or criminal charges associated with default or fraudulent reporting.
- Understand how large sales or transfers of businesses can impact your taxes.
- Reviewing Recent Developments
8:30 - 9:15, Joy L. Hall
- Clarifying Nexus Confusion
9:15 - 10:45, David A. Perry
- State Statute, Regulations or Case Law
- "Red Herrings" in the Sales/Use Tax Nexus Analysis
- Quill Corp. v. North Dakota Interpretations
- Geoffrey, Inc. v. Commissioner of Revenue Analysis
- Judicial Interpretations of "Solicitation"
- Statutory vs. Constitutional Nexus Clarified
- Economic Presence vs. Physical Presence
- Independent Contractors Issues
- Nexus Checklist
- Complying With and Enforcing Sales and Use Tax
11:00 - 12:00, Joy L. Hall
- Forms, Applications and Certificates
- Filing Requirements
- Pitfalls in Recordkeeping and Documentation
- Ruling Requests
- Offers in Compromise
- Taxpayer's Bill of Rights
- Understanding Select Core Industry Issues and Considerations
1:00 - 3:00, Barry J. Wolf
- Professional Services
- Research and Development
- Transferring a Business or Assets
- Resolving Sales and Use Tax Disputes
3:15 - 4:00, Joy L. Hall
- Administrative Review and Appeals
- Audit Procedures and Managed Audits
- Penalties and Pre-Assessment Interest
- Criminal Penalties
- Remission of Penalties
- Dealing with Aggressive Collection Activity
- Payments Under Protest
- Answering Your Real World Questions - Q&A Session
4:00 - 4:40, Joy L. Hall, David A. Perry and Barry J. Wolf