Helping Clients with New State and Local Tax Obligations Post-Wayfair Webcast | 4194242A

Date :
September 20, 2019 10:00 AM - 12:00 PM
Location :
Webcast
Facility :
Webcast Event
Level of Difficulty :
Overview
Member Price :
75.00
Nonmember Price :
101.00
CPE Credits :
CPE 2.00, MCLE 1.50
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The 2018 U.S. Supreme Court decision in South Dakota v. Wayfair overturned the Quill decision and brings significant changes for all types of state and local taxes. A majority of states, including California, have made significant changes which create new tax obligations for many multistate sellers. Many states have also enacted marketplace facilitator laws which also changes compliance obligations. This webinar explains the Wayfair decision and its significance and key state changes including changes in California. Due diligence suggestions, as well as practice and planning tips are also offered.

Objectives:

• Identify how the Wayfair decision changes state and local tax obligations.
• Determine which clients are affected and how.
• Recognize when a client will have sales tax collection obligations and how to address them.
• Understand the rationale behind the Court’s ruling and state reactions, as well as possible congressional activity.

Major Subjects:

• Explanation of the U.S. Supreme Court’s decision in Wayfair and its relevance to all types of state and local taxes.
• Review of some of the subsequent law changes by the states, including marketplace facilitator collection requirements.
• California’s law changes (AB 147 and SB 92) and the relevance to both in-state and remote sellers, as well as proposed regulatory changes by the CDTFA.
• Recordkeeping and business planning considerations in light of Wayfair and state law changes.

Advanced Prep:

None

Misc. Information:

N/A
Level of Difficulty:
Overview
Field of Interest:
Taxes
Prerequisites:
None
Designed For:
CPAs and other tax advisers with clients who sell goods and services in multiple states

Instructors

Annette Nellen, CGMA, CPA, Esq.

Annette Nellen, CPA, CGMA, Esq., is a professor in and director of San Jose State University’s graduate tax program (MST), teaching courses in tax research, accounting methods, property transactions, employment tax, ethics, leadership, and tax policy. Nellen chairs the AICPA Tax Executive Committee and serves on the AICPA Tax Reform Task Force. She is a former chair of the ABA Tax Section’s Sales, Exchanges & Basis Committee and past member of the California Bar Taxation Section’s Executive Committee. She is the recipient of the 2013 Arthur J. Dixon Memorial Award given by the Tax Division of the AICPA, the highest award given by the accounting profession in the area of taxation.

Nellen is the author of Bloomberg BNA Tax Portfolio #533, Amortization of Intangibles, and the Bloomberg BNA Internet Law Resource Center’s portfolio, Overview of Internet Taxation Issues. She is an editor and author for the Southwestern Federal Taxation textbooks, and is a regular contributor for the AICPA Tax Insider and Tax Analyst’s State Tax Notes’ “Moving Forward?” column. She is a frequent speaker on tax updates, tax ethics, new economy tax matters, and tax reform. Nellen maintains the 21st Century Taxation website and blog, as well as several websites on tax reform, state tax nexus, e-commerce taxation, and virtual currency/blockchain taxation. She has testified before the House Ways & Means Committee, Senate Finance Committee, California Assembly Revenue & Taxation Committee, and tax reform commissions and committees on various aspects of federal and state tax reform. In 2015, she was appointed to the Advisory Council to the Executive Director of the California Board of Equalization for a two-year term. Nellen is a graduate of CSU Northridge (bachelor’s degree in accounting), Pepperdine (master of business administration), and Loyola Law School (juris doctor degree). Prior to joining SJSU in 1990, she was with Ernst & Young and the IRS.

Materials:

  • Materials - eBook