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States' Nexus Claim Assertions: Responding to State Income Tax Liability Challenges

California, New York, Texas, and Other States

Note: CLE credit is not offered on this program

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

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Conducted on Thursday, January 20, 2022

Recorded event now available

or call 1-800-926-7926

This webinar will explain states' tactics for raising revenues by asserting nexus claims against multistate businesses. Our panel of SALT experts will discuss how specific states (including New York, California, and Texas) target interstate businesses and assess state income tax liability and how tax practitioners should respond to these challenges.

Description

States are looking for ways to raise money, and asserting nexus claims is a successful means. Recently, California targeted out-of-state sellers with sales in their state exceeding $500,000 or 25 percent of total sales. Paying compensation of $50,000 or more or housing business inventory in the state can subject taxpayers to reporting obligations as well.

Most recently, Texas adopted an economic threshold of $500,000 for establishing nexus and requiring businesses without a physical presence to remit tax if sales in the state meet or exceed this amount. Multistate companies need to monitor state requirements to ensure they are not subject to penalties and interest. Tax practitioners need to understand how best to assist these businesses and represent them for upcoming state nexus challenges.

Listen as our panel of SALT experts discusses current nexus requirements, best practices when settling a state dispute, and how to successfully manage audits of multistate businesses.

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Outline

  1. Introduction
  2. Nexus
  3. General
  4. California
  5. New York
  6. Texas
  7. Controversy
    1. Overview
    2. Best practices in audit management
    3. Best practices in settling a state tax dispute
    4. Offsetting a state tax assessment
    5. Where states are looking to raise money
  8. Controversy process
    1. California
    2. New York
    3. Texas

Benefits

The panel will review these and other critical issues:

  • New nexus thresholds in key states
  • Best practices for audit management
  • How to settle a state tax dispute
  • Current nexus challenges by states

Faculty

Rendziperis, George
George W. Rendziperis, JD
Principal, SALT
REDW

Mr. Rendziperis represents taxpayers in matters involving state income, franchise, gross receipts, sales and use,...  |  Read More

Schenk, Jeanna
Jeanna Schenk, CPA, MST
SALT Manager
REDW

Ms. Schenk has been in tax for 10 years, worked in Big 4 and mid-size public accounting firms (KPMG, Moss Adams) and...  |  Read More

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