Sales Tax and the Main Street Fairness Act - An Update on Taxation of Internet Sales (Currently Unavailable)

Author: Miles Hutchinson

CPE Credit:  2 hours for CPAs

Do you have an internet business? Do you sell products over the internet? Do you use a drop shipper to handle deliveries or do you ship to customers yourself?

This webinar highlights the evolution of government's attempts to require internet companies to collect, account for, report and remit sales tax on all of their sales. We will highlight the high profile cases and update you on the status of bills moving through the house and senate designed to effect nationwide change in this area of taxation.

Gain valuable insight into the complex issues of internet sales and the steps states are taking to ensure they receive the taxes they are due. Learn how to document your drop ship exempt resale. Know when you must register in other states. Charge sales tax when you should, avoid it when you can.

Get up-to-date information about the retailing giants and their fights with the various states. Take a ring-side seat with an expert who will share the anticipated outcomes.

Publication Date: August 2014

Topics Covered

  • Where the mega retailers stand in their fights to avoid sales and use tax on internet sales
  • The definition of Sales and Use Tax Nexus and why it is important to the internet sale
  • How are the states organizing this fight for economic nexus en lieu of physical presence nexus?
  • Where to begin if your company is delinquent in registering, collecting and remitting other states' sales and use taxes
  • Why is your drop shipper charging you sales tax? Gain a full description of the tax problems with Drop Shipments

Learning Objectives

  • Identify the ongoing fight between the Governors, the U.S. Congress, and Main Street Businesses regarding the changing character of the nexus rules and the fight for more tax dollars
  • Provide practical guidance and advise companies on best practices to minimize their exposure to sales & use tax audits, penalties and interest.

Level
Overview

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
Basic understanding of Sales Tax Nexus established by the Commerce Clause of the Interstate Commerce Exemption of the U.S. Constitution

Advance Preparation
None

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