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

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 identify the fundamentals of Nexus.
  • You will be able to recognize the fundamentals of Streamlined Sales Tax Project.
  • You will be able to differentiate between seller remittance types.
  • You will be able to identify the history of the Wayfair Case.

96 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 34 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

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?
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Why Lorman?

Over 34 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 Course

This course was last revised on June 1, 2021.

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

  • CPE/NASBA - QAS Self Study 2.6 including Taxes 2.6
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a QAS Self Study 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: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.6 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Taxes for 2.6 hours. Prerequisite: basic knowledge of taxation. Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: QAS Self Study. Please refer to the information in this advertisement 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.
     
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Why Lorman?

Over 34 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

Inez M. Mello, M.B.A.

Inez M. Mello, M.B.A.

Independent Contractor

  • 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
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Why Lorman?

Over 34 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.

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Product ID: 409093
Published 2021
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