Manage your multistate tax environment to reduce your exposure to audit in a global economy.
Post-Wayfair, physical presence is no longer the only element subjecting businesses to state tax collection and reporting responsibilities. Sales and use tax professionals are faced with the legal and practical challenges of learning as many as 50 different state sales and use tax laws and regulations as well as a myriad of local taxing jurisdictions. No one could possibly learn all of the different state requirements and yet our jobs demand being familiar with how to research the issues. Remote workers working across state lines create additional issues. This topic reveals some of the secrets to working in a multistate environment and triaging issues in a systematic way. Learn the different types of taxing states which greatly reduces the complexity of a 50-state environment. Five states don’t even impose sales and use taxes, but that doesn’t mean businesses operating out of those states can just ignore sales and use tax imposed by other jurisdictions. Learn the recent developments affecting nexus and reduce audit exposure from multistate audits. Sales and use tax audits are inevitable; learn techniques for navigating the hazards and communicating with auditors to reduce the proposed audit adjustments.
Learning Objectives
- You will be able to explain how to document multistate sales tax exemptions.
- You will be able to recognize potential sales and use tax exposure in your organization.
- You will be able to describe the current standards for establishing state tax nexus.
- You will be able to identify methods for use tax accrual.
Agenda
Overview
- Sales and Use Tax
- The Types of Taxing States
- Streamlined and Non-Streamlined
- Common Exemptions and Exclusions
Nexus
- How to Identify Where Your Organization Has Nexus
- Marketplace Collection and Reporting
- Evaluating Your Organization’s Exposure
- State Tax Voluntary Disclosures
Audit Techniques
- Communicating With Auditors
- Techniques for Reducing Liabilities
- Challenging State Tax Audits
Speakers
Ms Christina A. Mondrik, Esq, CPA,
Mondrik & Associates- Board certified in tax law by the Texas Board of Legal Specialization
- Founder of Mondrik & Associates
- State and federal tax controversies and litigation
- Conducts regular seminars and workshops on state and federal tax
- Past-chair, Federal Tax Policy Committee, Texas Society of CPAs
- Chair, Texas State Bar Tax Section
- Sales and Use Tax Subcommittee Chair, State and Local Tax Committee, ABA Section of Taxation
- B.B.A. degree in accounting, University of Texas, Austin; J.D. degree, University of Texas School of Law
- Can be contacted at cmondrik@mondriklaw.com or 512-542-9300
Who Should Attend
This live webinar is designed for accountants, CPAs, CFOs, controllers, accounts payable professionals, tax managers, presidents, vice presidents, bookkeepers, and tax preparers.
