Sales and Use Tax Implications of M&A: Avoiding Costly Mistakes
Correctly Identifying Assets and Inherited Liabilities and Meeting Compliance Requirements
Recording of a 110-minute CPE webinar with Q&A
This webinar will provide tax professionals with an overview of the most prevalent mistakes in sales and use tax compliance related to M&A transactions. Our panel will explain and outline solutions to pitfalls such as when a transaction with an affiliate can be deemed a sale, IRC taxability factors, and transfers of liabilities.
Overview of sales and use tax challenges related to M&A
Mistakes and errors
- Incorrect identification of assets
- Inherited liabilities
- Failure to follow regulatory requirements
- Mistakes and errors
- Remedying mistakes
- Compliance solutions and best practices
- Practical issues
The panel will review these and other key points:
- Avoiding the most common sales and use tax mistakes related to M&A—and effective after-the-fact remedies.
- Assessing the impact of tax laws at the federal and state level and evaluating the need for additional tax filings.
- Correctly identifying assets and understanding when an affiliate transaction is considered a "sale."
- Dealing with nexus concerns and how structuring transactions as tax free under the IRC can void some state sales and use tax exemptions.
- Understanding relevant state casual sale exemptions or taxability that may differ from the company's home state rules.
Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.
Mark A. Loyd
Bingham Greenebaum Doll
Mr. Loyd is a partner of the law firm and chairs its Tax and Finance Practice Group. His practice concentrates on... | Read More
Mr. Loyd is a partner of the law firm and chairs its Tax and Finance Practice Group. His practice concentrates on state, local and federal tax controversy resolution, litigation and planning. Before coming to the firm, he managed the SALT and federal excise tax planning functions for an international consumer products manufacturer.Close
National Tax Director, Strategic Accounts
Mr. Vansickel works with clients on sales and use, income/franchise, and property tax matters in a multi-state and... | Read More
Mr. Vansickel works with clients on sales and use, income/franchise, and property tax matters in a multi-state and international context. He previously worked as director of the state and local tax center for Jefferson Wells, before it was renamed Experis; for a Big Four firm; and as VP of Taxes for a large communications and marketing company.Close