Economic Nexus Rules and New Tax Challenges for Multistate Businesses
Sales Taxation Post-Wayfair for Remote Sellers of Goods and Services; Key Tax Planning Considerations
Recording of a 110-minute CPE webinar with Q&A
This course will guide tax professionals and advisers on the state tax issues facing remote sellers of taxable goods and services since the U.S. Supreme Court's decision in South Dakota v. Wayfair. The panel features attorneys who represented Wayfair in the case who will discuss the ramifications of the Court's overturning of the physical presence rule, potential expanded tax obligations for multistate businesses, standards under the economic nexus law, sourcing of sales for sales and use tax purposes and critical considerations for companies in light of the Court's decision.
Outline
- Detailed analysis of South Dakota's economic nexus law and other states' laws
- Impact on various sellers of products and services, including providers of IT products and services
- The Wayfair decision's implications for other state taxes, including gross receipts taxes and income taxes
- Considerations and planning strategies to minimize state tax risks
Benefits
The panel will review these and other relevant topics:
- State economic nexus regulations and legislation after Wayfair
- Impact on remote sellers of goods and services
- Complexity created due to non-uniform approaches and definitions amongst the states
- Wayfair decision effect on other state taxes
- Key tax planning considerations to minimize state tax liability
Faculty
Michael T. (Mike) Dillon
President
Dillon Tax Consulting
Mr. Dillon is an attorney and founder specializing in multistate sales and use tax matters for multistate and... | Read More
Mr. Dillon is an attorney and founder specializing in multistate sales and use tax matters for multistate and multinational businesses. For more than 25 years, as leader of his firm, practice leader for global accounting firms and in-house for two publicly-traded E-commcerce and Technology companies, Mr. Dillon has successfully helped companies identify multistate nexus, negotiate settlements of historical exposure, register and automate sales tax compliance processes, and address risk during M&A activity. He has successfully represented taxpayers in over 200 sales tax audits, and 500 Voluntry Disclosure Agreements (VDA), often coming in when “all hope is lost” to beneficially resolve the matter. Mr. Dillon is a member of the State and Local Tax Advisory Board for Strafford Publications. He is highly sought to lecture and author articles on sales tax matters for organizations such as AICPA, Strafford, BNA, CCH and the Center for Professional Education.
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Sylvia F. Dion, CPA
Founder & Managing Partner
PrietoDion Consulting Partners
Ms. Dion's firm specializes in providing SALT consulting and compliance Services to companies throughout the U.S.... | Read More
Ms. Dion's firm specializes in providing SALT consulting and compliance Services to companies throughout the U.S. and in Europe, Canada, Australia and Asia. Her primary focus is advising U.S. and foreign companies on their multi-state nexus, the taxability of their products and services, and managing and mitigating their exposure such as through the Voluntary Disclosure process. Her industry focus is in eCommerce (online retail), Software/Technology and Manufacturing. She is a speaker, writer and avid tax blogger. Her articles on SALT issues and developments have been widely published, she is currently the author of Minding Massachusetts, a State Tax Notes quarterly column and is a contributor to SalesTaxSupport.com where she blogs on “Internet Sales Tax”, “U.S. Sales Tax for Foreign Sellers” and “Massachusetts Sales Tax.”
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