Wayfair: A Sea Change in Nexus Analysis (2 hours)

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Jul 11, 2018

Registration: 8:30 AM / Program: 9:00 AM - 11:00 AM

Fees

Member Fee: $79.00
Nonmember Fee: $109.00

Available Discounts

AICPA Member: None
Full time Accounting Educator: None

Description

The U.S. Supreme Court reversed Quill’s “bright-line” physical presence requirement, substituting instead a case-by-case analysis that focuses less on the remote sellers’ circumstances and more on how the states’ laws and compliance processes may unduly burden remote sellers in general. Attend this session to learn an analytical framework for evaluating your clients’ potential compliance obligations in the states where they sell. We’ll also discuss scalability of existing IT Systems, required processes for reporting and certificate maintenance, voluntary disclosure, and financial reporting concerns.

Designed For

CPAs, Accountants, Bookkeepers, CEOs, CFOs, Auditors.

Objectives

Learn how the Wayfair case will affect the states’ ability to tax internet and out-of-state sales * Gain an understanding of the framework necessary to identify different states' taxation requirements and related compliance procedures.

Major Subjects

Multi-State Tax: sales & use tax * nexus * interstate commerce.