Multistate Income Tax Issues WEBCAST

Overview

With the largest overhaul of the federal income tax code in 30 years and the repeal of the physical presence nexus standards for sales tax in the Wayfair case, the states are working fast and furious to overhaul their tax laws. As some states scramble to fund their budgets, they continue to look for additional forms of revenue. Plan to attend this fast-paced class that covers developing topics in the area of nexus. Learn how nexus requirements have changed and where the state laws may be heading in the future.

Highlights

Emerging sales tax topics. Emerging compliance issues in the new sales tax economy. Will states shift away from income tax and increase reliance on sales tax after Wayfair? Treatment of Tax Cuts and Jobs Act by the states. When to consider voluntary compliance even though the laws do not dictate a sales tax responsibility.

Prerequisites

Experience in corporate taxation

Designed For

Accountants who want an update on current multistate tax issues to minimize clients’ potential state and local tax liability

Objectives

Identify changes in state statutes, regulations and case law     Determine how the states will treat changes under the Tax Cuts and Jobs Act     Recognize areas that may require additional attention for state tax planning purposes     Recall areas that may be costly for employers or clients     Recognize the “who, what, when, and where” of nexus for income and sales tax