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Use Taxes - The Hidden Dangers and Expanding Nexus

Gain a greater understanding of the pitfalls in sales and use tax compliance and obtain the tools to put this knowledge to work in minimizing your company's sales and use tax exposure.

Effective control of use tax exposure requires an understanding of sales and use tax laws and critical evaluation of invoices for hidden dangers. Sales and use tax compliance is predominantly form over substance discipline where the documentary evidence of a transaction guides the proper application of tax. Evaluation and retention of invoices and contracts is essential for ongoing, accurate compliance. The hidden dangers lurking in even the most seemingly innocuous of invoices can cost companies thousands of dollars under audit. Examinations of features such as shipping terms, defined shipping points, the nature and description of services performed, nexus implications for proper tax application, statements of tax and the rates of tax charged is essential. Of equal importance is ensuring that the form of the transaction (i.e. the invoice) accurately reflects the substance of the transaction, because it is that form which governs the application of sales and use tax. Gain a greater understanding of the pitfalls in sales and use tax compliance and obtain the tools to put this knowledge to work in minimizing your company's sales and use tax exposure.

Runtime: 102 minutes

John Morrow is an accountant with JR Morrow Consulting, LLC and has 22 years of experience in taxation. John has conducted almost 1,000 seminars in all 50 states and Puerto Rico, focusing on sales and use tax, payroll management, finance and accounting, and business communications. John provided a brief overview of his upcoming live webinar, Use Tax: The Hidden Danger in Invoices. You can watch the video below:

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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Concepts in Sales and Use Tax

  • What Is Taxable?
  • What Is Exempt?
  • Basic Invoice Concepts
  • In-State Vendors
  • Out-Of-State Vendors
  • Shipping Terms

Invoicing Pitfalls

  • Shipping Address vs. Billing Address
  • Shipping and Handling Charges
  • Combining Two or More Items

Types of Transactions

Exempt Transactions

  • Exempt-Economic Development
  • Exempt-Social
  • Exempt-Administrative Ease
  • Exempt-Avoid Double Tax
  • Exempt-Inputs/Outputs

Looking Into the Future

  • States Relying on Sales Tax for Revenue
  • Reciprocity
  • General Rule
  • Use Taxes
  • Nexus

Wayfair

  • Economic Nexus
  • Commerce Clause and Dormant Commerce Clause
  • Substantial Nexus
  • Immediate Considerations - State-By-State Passed Legislation
  • Aftermath of Court's Decision
  • Lack of Clarity
  • Watch for Going Forward
  • H.R. 6824 - Online Sales Simplicity and Small Business Relief Act
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on November 14, 2018.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Nathan R. Runyan

Nathan R. Runyan

Holland & Hart LLP

  • Attorney at Holland & Hart LLP
  • Practice emphasizes a complete range of state and local tax matters including state income taxes, franchise taxes, state and local sales and use taxes, property taxes, and representing clients in government relations, administrative law, and commercial litigation
  • Conducts regular seminars and workshops on state and local tax topics
  • Author of ABA Property Tax Deskbook®, Utah Chapter, 2015-2017; ABA Sales and Use Tax Deskbook®, Utah Chapter, 2015-2017; COST, Semi-Annual Legislative Updates Utah Chapter, 2012-2018; ABA Multistate Tax Practice Compendium, Editor all 50 states 2017; ABA Multistate Tax Practice Compendium, Utah Chapter, 2017
  • Recognized as Mountain States Super Lawyers® Rising Stars, Tax, 2014-2018; Utah Business Magazine®, Utah Legal Elite, Up and Coming, 2016-2018; Utah State Tax Commission, Auditing Division, Employee of the Year, 2006-07
  • Member of the Utah State Bar, Tax Section0, chair, 2017-2018; vice chair, 2016-2017; treasurer, 2015-2016; programs chair, 2014-2015; J. Reuben Clark Law Society, member; Boy Scouts of America, volunteer local leader
  • Reported cases: Mind & Motion Utah Investments, LLC v. Celtic Bank, 2016 UT 6; Rent-A-Center v. Utah State Tax Commission, 2016 UT 1; Anadarko v. Tax Comm’n, 2015 UT 25
  • J.D. degree, magna cum laude, Brigham Young University, J. Reuben Clark Law School; B.S. degree in accounting, magna cum laude, Brigham Young University, Marriott School of Management, BYU Journal of Public Law, editor-in-chief
  • Can be contacted at 801-799-5934 or [email protected]
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Product ID: 402881
Published 2018
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