Introduction to Sales and Use Taxation

This webinar will discuss legal developments in the area of taxation of internet sales

Why should you Attend: Sales tax? Use tax? What's the difference? Must I charge tax on my internet sales? Will I owe taxes in more than one state for the same sale? Why is my drop shipper charging me tax? Why did I receive a NEXUS Questionnaire and what if I don't respond to it? I just got a notice that I have to conduct a self-audit and report my findings to the state - is this for real? I need help!

Areas Covered in the Session:

• Learn the difference between a sales tax and a use tax
• Identify taxable sales and non-taxable sales
• Learn the how to determine whether the tax basis is equal to the sale of property or sale of services or both (the states are inconsistent)
• Determine whether you will owe tax on your internet sales
• Discover what the major internet retailers are doing to avoid charging sales tax on their sales and how/why bricks and mortar retailers oppose them
• Learn the latest information about the Main Street Fairness Act
• Identify the three key factors that could ensure exemption of freight charges from tax
• Learn about the limited protection provided by exemption certificates (they do not indemnify you from liability)
• Identify the nexus triggers to avoid having to register and pay taxes in states other than your home state
• Discover best practices for dealing with nexus in states other than your home stated when you haven't registered as required
• Identify the key policies and procedures your company should have in place to help with compliance and tax audits
• Examine the pros and cons of obtaining amnesty through the streamlined sales tax project
• Receive a list of valuable resources to help you learn the different requirements of individual states for exemption specific transactions from tax

• Controllers
• CFOs
• Tax Managers
• Accounts Payable Managers
• Purchasing Managers
• Compliance Managers