Training Course Syllabus:

Sales and Use Tax in Texas - State Specific Sales and Use Tax Seminar

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.
• Recognize why and how to claim tax exemptions.
• Avoid expensive penalties or criminal charges associated with default or fraudulent reporting.
• Understand how large sales or transfers of businesses can impact your taxes.

Presenters: Ira A. Lipstet and Christi Mondrik

• Reviewing Sales Tax Basics and Background
  8:30 - 9:25
• State and Federal Constitutional Limitations on Imposition of Sales/Use Tax
• Presumption of Taxability - Tangible Personal Property vs. Services
• The Streamlined Sales Tax Project
• How to Keep Up With Changing Obligation
• Clarifying Nexus Confusion
  9:25 - 10:20
• State Statute, Regulations or Case Law
• Quill Corp. v. North Dakota Interpretations
• Economic Presence vs. Physical Presence
• Independent Contractors Issues/Agency Nexus
• Checklist of Activities that May Establish Nexus
• Complying With Sales and Use Tax Requirements
  10:35 - 11:30
• Forms, Applications and Certificates
• Filing Requirements
• Pitfalls in Recordkeeping and Documentation
• Ruling Requests
• Taxpayer's Bill of Rights
• Understanding Select Core Industry Issues and Considerations
  11:30 - 12:25
  • Construction
  • Manufacturing
  • Taxable Services
  • Professional Services
  • Research and Development
  • Internet Transactions and E-Commerce
  • Transferring a Business or Assets
• Identifying Tax Exemptions, Deductions, Credits and Refund Claims
  1:25 - 2:20
• Exemptions
• Deductions
• Credits
• Refund Claims
• Recent Developments
  2:20 - 3:15
  • Texas Legislative Updates - Changes from 2013 Legislative Session
  • Recent Cases and Rulings
  • The Marketplace Fairness Act
• Resolving Sales and Use Tax Disputes
  3:30 - 4:25
• Audit Procedures and Managed Audits
• Administrative Process
• Penalties and Interest
• Criminal Penalties
• Dealing with Collection Actions
• Payments Under Protest, District Court Lawsuits and Appeals
• Answering Your Real World Questions - Q&A Session
  4:25 - 4:40

Seminar Summary:

This seminar will bring you up to date on best practices when accounting for sales and use tax. (see full course description)

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