Sales and Use Tax Fundamentals: Mastering Tax Base, Compliance, Nexus, and Other Essential Multistate Concepts
Recording of a 110-minute CPE webinar with Q&A
This course will guide tax professionals and advisers on essential concepts and trends that tax staff must understand before they can effectively work on state and local sales and use tax compliance. The panel will discuss their thoughts on sales and use tax, sourcing transactions, marketplace facilitators, market-based sourcing rules, and revenue agency administration of sales taxes.
Outline
- Essential concepts of sales tax
- Sales tax vs. use tax
- Four types of taxes (seller privilege, consumer levy, transaction, gross receipts)
- Alternative vendor responses to sales taxes (shifting, absorption, separation)
- Sourcing transactions
- Nexus
- Sales tax exemptions
- Marketplace facilitators
- Revenue agency administration of sales tax
- Filing frequency
- E-filing
- E-payment
- Vendor compensation
Benefits
The panel will drill into these and other essential aspects:
- Understanding when a sales or use tax will apply and the differences between the types of sales taxes
- Determining who is a marketplace facilitator
- Grasping the meaning of important developments in sourcing
- Identifying common sales tax exemptions and the need to present or collect, and verify, exemption certificates
- Pinning down how states typically handle filing frequency, standard vs. e-filing, and payment options
Faculty
Joseph F. Geiger, Jr., Esq., CPA
Consulting Tax Manager
Vertex
Mr. Geiger works with the company's Tax Process Consulting Group and has more than 25 years of experience with... | Read More
Mr. Geiger works with the company's Tax Process Consulting Group and has more than 25 years of experience with income, sales and use and other taxes, with particular expertise in tax appeals, audit controversies and reverse audits. He also has experience with taxation of P-card purchases. In addition he has worked in tax compliance for corporations and for public accounting firms.
Close
Monika Miles
President
Miles Consulting Group
Ms. Miles focuses on multi-state tax consulting. She provides consulting services on sales and use tax, federal and... | Read More
Ms. Miles focuses on multi-state tax consulting. She provides consulting services on sales and use tax, federal and state income / franchise tax compliance, audit support, and credits and incentive reviews with an emphasis on enterprise zone tax benefits for California companies. Her clients are in a range of industries from manufacturing to telecom. Before helping found the consulting practice, Ms. Miles spent 11 years in Big Four public accounting firms.
Close
