Program Level: Basic
Field Of Study: Specialized Knowledge
CPE credit: 1
Instructional Method: Group Internet Based
Who should attend? Everyone
Advanced Preparation: None
In this webinar, eCommerce expert Michael Fleming will review the basics of sales tax nexus, income tax nexus and then describe the differences between the two. Sellers, whether they are traditional brick and mortar, eCommerce, or a combination of the two, plus their CPAs are concerned about the income tax implications of registering for sales tax.
This session is especially of interest to business owners and their legal advisors who guide them through the maze of tax changes for online sellers.
Define sales tax nexus.
How can I tell when I have income tax nexus.
How do I know if I have to pay income tax everywhere my business is registered.
Does registering for sales tax create income tax nexus.
Define PL 86-272 and when does it apply.
Differentiate states that are more aggressive than others.
What about the Secretaries of State and Registered Agents.
What about materiality.
For many sellers in many states income tax will not be a consideration when registering for sales tax. For some sellers in some states income tax may be a consideration and in some instances, there may be income tax considerations even when there are no sales tax considerations. This webinar will provide you with the knowledge to help your clients navigate these complexities