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Multistate Taxation After Wayfair

  • ITEM SKU
    8695
  • CPE Hours
    4
  • Full Course Price
    $34.50
Exam Questions: 20
Course Level: Basic
Pages: 112 | Content: 100, Supplemental: 12
NASBA Area of Study: Taxes
Not Acceptable for: Enrolled Agents
Version: 8695

Since South Dakota v. Wayfair overturned the physical presence rule, remote sellers have faced collection obligations in dozens of states. This course provides an overview of how economic nexus works for sales, income, and gross receipts taxes. Topics include state thresholds and the repeal of transaction counts, marketplace facilitator laws, Public Law 86-272 and internet activities, apportionment and sourcing, voluntary disclosure agreements, and more. No prerequisites. Course level: Basic. Not acceptable for Enrolled Agents. Course #8695- 4 CPE hours.

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Course Information

Table of Contents
  • From Physical Presence to Economic Nexus
  • Sales and Use Tax Economic Nexus and Marketplace Facilitators
  • Income and Franchise Tax Nexus After Wayfair
  • Apportionment, Sourcing, and Managing Multistate Exposure
Objectives
  • To recall which states impose a statewide general sales tax
  • To recognize how the error rate found in a sample is used when a state audits a remote seller
  • To identify which internet activities the Multistate Tax Commission’s revised statement treats as unprotected
  • To recall what a seller must generally do with tax it collected from customers in excess of the amount due

PLEASE NOTE: CPE credit measurement is based on NASBA Registry and QAS guidelines of one credit for every 50 minutes. Credit calculation may vary in different states — check with your State Board of Accountancy. Unless otherwise noted in the specific course description, no advanced preparation is required in order to register or complete any PES CPE course. Use of materials or services provided by Professional Education Services, LP ("PES") are governed by the Terms and Conditions stated on PES' website www.mypescpe.com. PES provides these courses with the understanding that it is not providing any accounting, legal, or other professional advice and assumes no liability whatsoever in connection with its use. PES has used diligent efforts to provide quality information and material to its customers, but does not warrant or guarantee the accuracy, timeliness, completeness, or currency of the information contained herein. Ultimately, the responsibility to comply with applicable legal requirements falls solely upon the individual licensee, not PES. PES encourages you to contact your state Board for the latest information and to confirm or clarify any questions or concerns you have regarding your duties or obligations as a licensed professional.