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Multistate Nexus Standards and the Effects of the South Dakota v. Wayfair Decision

Oct 23 - Credits CLE NASBA

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October 23 at 1:00 - 2:40 pm EST

Learn about the taxing structures as well as how each different structure triggers nexus and the effects of South Dakota versus Wayfair.

As we approach the last quarter of 2020, the trend of states continuing to pursue aggressive apportionment policies will continue. This trend indicates that more than 40 states will now apply some form of an economic presence test for income and franchise tax purposes by the end of 2020; 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. Learn about the range of approaches that different states take to tax corporations and issues to consider if a business expands into additional states. Learn about the taxing structures and how each different structure triggers nexus. On June 21, 2018, the Supreme Court of the United States ruled in favor of the State of South Dakota v. Wayfair Inc. This decision allows states to tax remote sales. What does it mean for out-of-state sellers? Gain insight with this in-depth presentation with discussion regarding the U.S. Supreme Court’s decision in South Dakota v. Wayfair, Inc.

Learning Objectives

  • You will be able to recognize the differences between nexus.
  • You will be able to review economic based nexus standards.
  • You will be able to discuss the confusion surrounding South Dakota v. Wayfair, Inc.
  • You will be able to identify if you need to begin filing in the states that follow Wayfair, Inc.

Agenda

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
Clarifying the Confusion Surrounding South Dakota v. Wayfair, Inc.
  • How or Will This Decision Affect More Than Just Sales Tax Nexus?
  • 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?

Who should attend?

This live webinar is designed for accountants, CPAs, CEOs, presidents, vice presidents, CFOs, controllers, business owners and managers, tax preparers and attorneys.

In Partnership With Lorman Business Center, LLC


Your Instructor


Inez M. Mello
Inez M. Mello
  • Director, state and local taxes for Stowe & Degon LLC
  • Over 35 years of state and local tax experience; a seasoned tax professional, her areas of expertise include all facets of multistate and local tax planning and compliance
  • Wide breadth of state and local tax knowledge is reflected in the numerous seminars and education symposiums that she leads for associations including The Boston Tax Institute, Lorman Education Services and the Massachusetts Society of CPA’s
  • Chair of the Massachusetts Society of CPA’s State Taxation Committee and has served on CCH’s National State Tax Advisory Board and the Governing Board of the Streamlined Sales Tax Project
  • Has continued her scholastic pursuits, serving as an adjunct professor for Bryant University; she is Bryant University’s graduate multistate tax professor and received the 2016 and 2019 Graduate School of Business Award for Outstanding MST Faculty
  • 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 multistate tax consultant, she 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 multistate and local tax issues
  • Professional affiliations include chair of the Massachusetts Society of CPA’s State Taxation Committee; Institute of Managerial Accountants – Providence, RI Chapter past president; Rhode Island Accounting Association of Professors (RIAAP)
  • M.B.A. degree in taxation and B.S. degree in accounting, Bryant University

Credits

  • AR CLE 1.5
  • This course has been approved for 1.5 hours of CLE by the Arkansas CLE Board.
  • Arizona CLE 1.5
  • The State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement. This activity may qualify for up to 1.5 hours toward your annual CLE requirement for the State Bar of Arizona.
  • CA MCLE 1.5
  • Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
  • CT CLE 1.5
  • Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.5 CLE credit(s).
  • HI CLE 1.5
  • This program was approved by the Hawaii State Board of Continuing Legal Education for 1.5 CLE credit hours.
  • IL CLE 1.5
  • This course was approved for a total of 1.5 hours of MCLE Credit by the Illinois MCLE Board.
  • ME CLE 1.5
  • This course has been approved by the State of Maine Board of Overseers of the Bar. Lawyers who complete this course shall receive 1.5 hours of CLE credit under M. Bar R. 12.
  • NH MCLE 1.7
  • NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 100 Minutes.
  • NJ CLE 2.0
  • This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 2.0 hours of total CLE credit.
  • NV CLE 1.5
  • This program has been approved by the Nevada Board of Continuing Legal Education for 1.5 CLE hours.
  • PA CLE 1.5
  • This Distance Learning program has been approved by the Pennsylvania Continuing Legal Education Board for 1.5 hours of substantive law, practice and procedure CLE credit.
  • RI CLE 2.0
  • This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 2.0 hours of CLE credit.
  • VT CLE 1.5
  • This program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.5 hours of CLE credit.
  • WI CLE 2.0
  • This program has been approved by the Board of Bar Examiners for 2.0 hours for use toward the Wisconsin Mandatory CLE requirement.
  • WV MCLE 2.0
  • This program has been approved by the West Virginia State Bar MCLE Commission for 2.0 MCLE hours.
  • National Registry of CPE SponsorsCPE 2.0 including Taxes 2
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. CPE Credit: Maximum Credit Hours: 2.0 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Taxes for 2.0 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.

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Frequently Asked Questions


When does the course start and finish?
The course starts now and never ends! It is a completely self-paced online course - you decide when you start and when you finish.
How long do I have access to the course?
How does lifetime access sound? After enrolling, you have unlimited access to this course for as long as you like - across any and all devices you own.
What if I am unhappy with the course?
We would never want you to be unhappy! If you are unsatisfied with your purchase, contact us in the first 30 days and we will give you a full refund.