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Retailer Sales Tax Challenges and Compliance: Navigating State Nexus Rules, Market Facilitator Laws, and Reporting

Recording of a 110-minute CPE webinar with Q&A

This program is included with the Strafford CPE Pass. Click for more information.
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Conducted on Thursday, November 4, 2021

Recorded event now available

or call 1-800-926-7926

This course will provide tax professionals a detailed briefing on the latest state developments and tax trends affecting retailers. The panel will discuss the transformation of state nexus rules, market facilitator laws, reporting, and exemptions. The panel will also offer compliance approaches and demonstrate their application to guide professionals in navigating and adjusting to multistate developments.

Description

The high volume of sales by retailers increased the risks of noncompliance for collecting and remitting sales taxes. Tax professionals must identify key issues in calculating and reporting sales taxes, state nexus rules, market facilitator laws, and determining the taxability of products.

Retailers face complex tax issues when managing hundreds of products across multiple jurisdictions. Navigating rules, various rates, and other items increase the risk of errors and audit exposure. Tax professionals must avoid critical mistakes such as miscategorizing products, failing to update tax rules and rates, and other compliance issues.

Listen as our panel discusses the taxability of products, state nexus rules, and reporting. The panel will also offer compliance approaches and demonstrate their application to guide professionals in navigating and adjusting to multistate developments.

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Outline

  1. Essential concepts of sales taxes for retailers
  2. Mulitple jurisdictions and sourcing transactions
  3. Sales tax exemptions
  4. Revenue agency administration of sales tax
    1. Filing frequency
    2. E-filing
    3. E-payment
    4. Vendor compensation

Benefits

The panel will drill into these and other essential aspects:

  • Understanding the sales tax compliance and reporting requirements for retailers
  • Identifying sales tax issues from contracting, invoicing, drop shipping, and more
  • Market facilitator laws and exemptions
  • Properly collecting and remitting sales tax
  • Key methods in maintaining compliance for retail businesses

Faculty

Korzhen, Alexander
Alexander Korzhen, J.D., MBA
SALT Senior Tax Manager
TaxOps

Mr. Korzhen joined TaxOps with over 15 years of state and local tax (SALT) specialization, driving positive tax...  |  Read More

Vorndran, Judith
Judith B. Vorndran, JD, CPA, MSBA
Partner
TaxOps

Ms. Vorndran helps clients and tax professionals navigate the morass of state and local tax issues with the goal of...  |  Read More

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