Marketplace Facilitator Sales Tax Collection, Reporting, and Liability Risks
Key Tax Rules Impacting Facilitators of the Sale of Third-Party Goods and Services
Note: CLE credit is not offered on this program
Recording of a 110-minute CPE webinar with Q&A
This course will provide tax professionals and advisers guidance on the key sales tax issues facing marketplace facilitators stemming from the sale of goods and services of third parties. The panel will discuss recent developments in state sales tax laws, the varying state definitions of a marketplace facilitator, key nexus considerations, collection and reporting requirements, and methods to ensure compliance and minimize liability risks in contracting with third parties to sell their goods and services.
Outline
- Determining who are marketplace facilitators
- Marketplace vs. retailer nexus standards
- Recent state tax law developments
- Marketplace facilitator registration, collection, and reporting
- Impact on third-party marketplace sellers
- Best practices for marketplace facilitators in contracting with third-party goods and service providers
Benefits
The panel will discuss these and other key issues:
- What entities are considered to be "marketplace facilitators"? Narrow versus broad definitions.
- Key differences between the economic nexus standards for marketplace facilitators vs. retailers.
- How marketplace facilitators can maintain compliance with various state tax collection and reporting obligations.
- Whether marketplace sellers are permitted to opt-out of marketplace collection and the impact on the marketplace.
- What documentation requirements are imposed on marketplace facilitators.
- Additional issues that marketplace facilitators should consider in contracting with third-party goods and service providers.
Faculty
Michael T. (Mike) Dillon
President
Dillon Tax Consulting
Mr. Dillon is an attorney specializing in multistate sales and use tax matters for multistate and multinational... | Read More
Mr. Dillon is an attorney specializing in multistate sales and use tax matters for multistate and multinational businesses. For more than 20 years, as leader of his firm, practice leader for global accounting firms and in-house for two publicly-traded technology companies, Mike has successfully helped companies identify multistate nexus, negotiate settlements of historical exposure, register and automate sales and use tax compliance processes, and address risk during M&A activity. Mike has successfully represented taxpayers in over 200 sales tax audits, often coming in when “all hope is lost” to beneficially resolve the matter. He is highly sought to lecture and opine on sales tax matters.
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Sylvia F. Dion, CPA
Founder & Managing Partner
PrietoDion Consulting Partners
Ms. Dion's firm specializes in providing SALT consulting and compliance Services to companies throughout the U.S.... | Read More
Ms. Dion's firm specializes in providing SALT consulting and compliance Services to companies throughout the U.S. and in Europe, Canada, Australia and Asia. Her primary focus is advising U.S. and foreign companies on their multi-state nexus, the taxability of their products and services, and managing and mitigating their exposure such as through the Voluntary Disclosure process. Her industry focus is in eCommerce (online retail), Software/Technology and Manufacturing. She is a speaker, writer and avid tax blogger. Her articles on SALT issues and developments have been widely published, she is currently the author of Minding Massachusetts, a State Tax Notes quarterly column and is a contributor to SalesTaxSupport.com where she blogs on “Internet Sales Tax”, “U.S. Sales Tax for Foreign Sellers” and “Massachusetts Sales Tax.”
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