The Riddles of E-Commerce: Sales and Use Taxes Post-Wayfair – Anything but Simplification (OnDemand Webinar)

$219.00

SKU: 407855EAU

Description

Understand different state economic thresholds and how these thresholds affect your tax liability as an ecommerce business.Most ecommerce businesses know the Supreme Court decision in Wayfair sanctioned a new economic nexus standard for imposing sales and use tax obligations on outofstate business. Through generic references to taxing Internet sales and relatively simple economic thresholds applicable to the largest ecommerce business, public commentary conveys the sense that this shift to economic nexus is relatively straightforward. However, many businesses, especially small and mediumsized businesses, do not know that the different states have established different thresholds for applying economic nexus. These varying thresholds, often dependent on nuances of state law, can present a formidable trap for the wary and unwary alike. This topic will help ecommerce businesses, and their advisors, understand the different state economic thresholds and how these thresholds affect a business’s potential tax liabilities. In addition, this material will help identify when, or if, an ecommerce business should begin collecting and remitting state sales and use taxes.

Date: 2020-12-08 Start Time: End Time:

Learning Objectives

Introduction
• Sales and Use Tax – Overview and History
• Pre-Wayfair Nexus in Two Minutes
• Wayfair and Economic Nexus

Economic Nexus
• Economic Thresholds
• Threshold Time Periods
• Calculating the Thresholds
• Responsible Taxpayer

Marketplace • Fundamental Shift in How the Tax Is Imposed
• Shifting Liability • One Stop Shopping for Revenue Agencies
• Marketplace Defined
• Breadth of Marketplaces in a World of Platforms

Special Issues
• Tribal Taxation
• Destination and Origin Sourcing
• Uniformity and the Undue Burden
• Due Process

CLE (Please check the Detailed Credit Information page for states that have already been approved) ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Frank Crociata-GALLAGHER & KENNEDY, Scott Woody – GALLAGHER & KENNEDY