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OnDemand Course

Sales and Use Tax in Kentucky

Learn detailed information on sales and use tax rules and regulation in Kentucky.

Over the past several years, sales and use tax in Kentucky has become one of the most complex areas of Kentucky's tax system given the lack of clarity or guidance on key topics, multitude of exemptions and exclusions from the tax, and significant administrative and judicial decisions which have continued to cause headaches and uncertainty for individual and corporate taxpayers. It recently got even more complicated after Kentucky passed sweeping tax reform legislation in 2018. This material will not only provide attendees with needed knowledge for how Kentucky's Sales and Use tax system works, a better understanding of the "gray" areas of the law, and tips on how to prepare for and be successful during and after an audit, but also explain all of the substantial changes made to Kentucky's tax code in 2018, including sales and use tax with the expansion to many services, removal of certain exemptions/credits/deductions, adding of remote seller provisions in anticipation of the Wayfair case, as well as significant corporate tax policy changes (e.g., lowering of income tax rate, mandatory unitary reporting, single sales factor apportionment, market sourcing), new business inventory credit, suspension of certain business incentives, etc. This information is critical for all companies with business activities in Kentucky and all accounting and tax professions advising such companies, including a company's controller, tax and accounting director, and CFO.

Runtime: 99 minutes
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Why Lorman?

Over 33 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

Basics of Kentucky Sales and Use Tax

  • History, Definitions and SSUTA
  • Real, Tangible and Intangible Property
  • General Taxable Transactions, Including New Expansion to Services After Kentucky Tax Reform
  • Exempt Transactions; Exempt Property
  • Sales and Use Tax Nexus in Kentucky (Including New Remote Seller Requirements After Kentucky Tax Reform)
  • Overview of Filing and Compliance Requirements
  • Audit and Protest Procedures and Pitfalls

What's Hot - Kentucky Sales and Use Tax Legislative, Administrative and Judicial Developments

  • Legislation - 2018 Regular Session Ends With Substantial Changes to Kentucky Tax Code; Could 2019 Bring More?
  • Administrative - Continued Changes to Kentucky Claims Commission, New KDOR Administration and Recent Decisions
  • Judicial - Recent Sales and Use Tax Decisions

Kentucky Tax Reform - Sweeping Changes Made to Kentucky's Tax Code: What the Heck Just Happened?

  • Overview of Kentucky's Past Efforts on Tax Reform and the Unusual Timeline of the 2018 Kentucky Tax Reform
  • Details of Kentucky Tax Reform
  • Guidance and Additional Items Likely to Be Addressed in 2018 and 2019
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Why Lorman?

Over 33 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 July 11, 2018.

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

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

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Why Lorman?

Over 33 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

Daniel G. Mudd

Daniel G. Mudd

Frost Brown Todd LLC

  • Member and tax attorney in the Louisville, Kentucky office of regional law firm Frost Brown Todd LLC
  • Member of the firm’s regional State Tax and Incentives Team, where he specializes in various federal, state and local tax planning, controversy and incentives matters, including property tax, sales and use tax (particularly in the manufacturing, mining, recycling and metal industries), tobacco and other excise tax, income tax, and local occupational license and business tax
  • Represented a variety of corporate and individual clients in federal tax controversy and collection matters, including captive insurance tax issues
  • Currently serves on and is involved with multiple professional, industry and community organizations, including the Independent SALT Alliance (ISA), Greater Louisville Inc.’s (GLI) Business Competitiveness Committee, GLI's Tax Reform Task Force, and the Kentucky Association of Manufacturers, to name a few
  • Participated as a speaker on state and local tax controversy and incentives matters in several conferences and forums, and his articles have appeared in a number of publications
  • J.D. degree, cum laude, University of Kentucky College of Law; B.A. and B.S. degrees, summa cum laude, University of Kentucky Gatton College of Business
  • Can be contacted at 502-779-8148 or [email protected]
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Over 33 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: 404160
Published 2018
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