Sales Tax Considerations for Nonprofits: Navigating Applicable State Tax Law, Reporting Issues, Securing Exemptions
Note: CLE credit is not offered on this program
Recording of a 110-minute CPE webinar with Q&A
This course will provide corporate tax professionals and advisers guidance on state sales tax requirements and compliance issues for nonprofits. The panel will discuss state application and enforcement of sales taxes on products sold by nonprofits, securing sales tax exemptions, and handling audits, as well as offer best practices to ensure compliance.
Outline
- Requirements and challenges of sales tax exemptions
- Recent state sales tax exemption updates
- Key issues for resale certificates
- Retailer documentation
Benefits
The panel will discuss these and other key issues:
- What are the sales tax compliance issues for nonprofits?
- What are the requirements and key issues in obtaining sales tax exemptions?
- What are the challenges and methods to ensure compliance?
- How do states differ in their treatment of sales made by exempt organizations?
- How do sellers know what exemptions apply to a transaction?
- How can a nonprofit minimize exposure to audits?
Faculty
Stephanie M. Bruns
Senior Managing Associate
Dentons
Ms. Bruns' practice includes state and local tax planning and income, sales, and excise tax, as well as property... | Read More
Ms. Bruns' practice includes state and local tax planning and income, sales, and excise tax, as well as property tax and tax controversy. She also assists with federal tax planning, business formation issues, and captive controversy.
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Mark A. Loyd
Partner & Co-Leader, Dentons National Tax Practice Group
Dentons
Mr. Loyd's areas of practice concentration are state, local and federal taxation, tax litigation, tax controversy... | Read More
Mr. Loyd's areas of practice concentration are state, local and federal taxation, tax litigation, tax controversy resolution and tax planning for multistate and multinational companies. Prior to joining his current firm, he managed the state and local tax function for Brown & Williamson Tobacco Corporation, a multistate, multi-billion dollar corporation and U.S. subsidiary of British American Tobacco. He is also a CPA, having begun his career with Coopers & Lybrand, now PricewaterhouseCoopers.
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Gary R. Thorup
Shareholder
Dentons
Mr. Thorup is a practicing tax lawyer who also spends considerable time in lobbying executive branch and legislative... | Read More
Mr. Thorup is a practicing tax lawyer who also spends considerable time in lobbying executive branch and legislative branch officials in the state of Utah. He also represents clients before numerous state agencies, including the Utah State Tax Commission, the Utah Liquor Commission and Department of Alcohol Beverage Control. Mr. Thorup’s tax practice is a case and controversy-type practice representing clients before the IRS, the Utah State Tax Commission and Utah courts, but also includes tax planning and some work nonprofit/tax-exempt entities. As a registered Utah lobbyist since 1982, he spends full-time during Utah’s 45 calendar-day legislative session and the Utah Legislature’s interim committee study period lobbying state legislators and executive branch policy makers. Mr. Thorup is also involved in alcohol law and policy issues representing clients applying for alcohol licenses, defending against alleged violations, and seeking policy changes.
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