Multi-State Taxation

Description:

MULTI-STATE TAXATION

As we approach the last quarter of 2019, the trend of states continuing to pursue aggressive apportionment policies will continue.  35 states now apply some form of an economic presence test for income and franchise tax purposes; and with the U.S. Supreme Court’s ruling in South Dakota v. Wayfair. Inc. economic nexus can now be applied in determining whether a company has created a sales tax filing obligation. Economic nexus is based solely on a corporation having sales or otherwise deriving an economic benefit from activities within their borders, regardless of a physical presence.  

 Learn about the range of approaches that different states take to tax corporations and issues to consider if a business expands into additional states, different taxing structures and how each “triggers” nexus.  Learn the differences between nexus for: 

  •  Net Income Tax States (remember Public Law 86-272 is still alive and well!)
  •  Non-net Income Tax States
  •  Factor-based Nexus Standards
  •  Economic –based Nexus Standards


On June 21, 2018, the Supreme Court of the United States ruled in favor of the State of 
South Dakota v. Wayfair Inc. allowing states to tax remote sales. Presentation will discuss impact including:

  • What does economic nexus mean for sales tax?  
  • Does having a physical presence in a state still matter?  
  •  Is traditional nexus for sales tax still alive and well?
  •  Do we need to begin filing in the 45 states that have a sales taxing system? 
  • Do we need to begin filing in the states that follow Wayfair, Inc.?
  • Does the Wayfair Court Case relate to internet sellers only?


Presentation will address other ways of taxing remote sales;

  • Affiliate nexus (ties to in-state affiliates).
  • Click-through nexus (links on in-state devices).
  • Cookie nexus (placing software or apps on in-state devices.
  • Tax on marketplace sales (facilitator held liable).
  • Non-collecting seller use tax reporting (non-collecting sellers must share consumer use tax information).



 

Highlights:

As we approach the last quarter of 2019, the trend of states continuing to pursue aggressive apportionment policies will continue.
At this seminar you will learn the differences between nexus for:

  • Net Income Tax States
  • Non-net Income Tax States
  • Factor-based Nexus Standards
  • Economic-based Nexus Standards
  • On June 21, 2018, the SCOTUS ruled in favor of the State of Dakota v. Wayfair, Inc.  
  • How or will this decision affect more than just sales tax nexus?
  • What does economic nexus mean for sales tax?
  • Do we need to begin filing in the states that follow Wayfair, Inc.?

Remember:  Although economic nexus is sweeping the nation in the wake of South Dakota v. Wayfair, Inc.; it’s important to remember that states also have other ways of taxing remote sales.

Objectives:

Attendees will learn about taxes not protected under Public Law 86-272 (non-net income based taxes) such as: franchise taxes, net worth taxes, gross receipt taxes, and sales taxes and will gain an understanding of how sales must be apportioned to the states: market-based sourcing rules vs. cost-of-performance based sourcing rules.

Prerequisites:

Basic knowledge of federal and state tax reporting.

Notes:

Lunch will not be provided for this event.

Category:

TX

Credits:

8

Registrations are currently closed.

Vendor:

Boston Tax Institute, Ltd.

Location:

Fireside Inn & Suites
81 Riverside Street
Portland, ME 04103
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Start:

September 17, 2019 8:30am

End:

September 17, 2019 4:30pm

Check-in starts at 8:00am

Leader:

Mello, Inez

Inez M. Mello, CPA,MBA has over 25 years of state and local tax experience. A seasoned tax professional, Inez’s areas of expertise include all facets of multi-state and local tax planning and compliance.

Ms. Mello’s wide breadth of state and local tax knowledge is reflected in the numerous seminars and education symposiums that she leads for associations including CPE, Inc., Lorman Education Services and the Massachusetts Society of CPAs. Ms. Mello is the Chair of the Massachusetts Society of CPA’s State Taxation Committee and serves on the Rhode Island Society of CPA’s State Taxation Committee. Ms. Mello served on CCH’s National State Tax Advisory Board. An active member of the Institute of Managerial Accountants, she is the President of the Providence, Rhode Island Chapter. Ms. Mello has continued her scholastic pursuits, serving as an adjunct professor for Bryant University and Johnson & Wales University. Ms. Mello is Bryant University’s Graduate Multi-State Tax Professor.

Ms. Mello is extremely well-known throughout the business community and was recognized by the U.S. Small Business Administration as the Rhode Island Women in Business Champion of the Year in 2007.

Prior to becoming a multi-state tax consultant, Ms. Mello has served in various Director Roles for several CPA firms throughout New England. In this capacity, she helped establish and grow their state and local tax practices as well as oversaw all multi-state and local tax issues.

Designed For:

Tax practitioners advising clients in Maine and beyond.

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