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The Essential Multistate Tax Update (MST4)

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Live Webinar SELECT STARTING AT $159 (9 dates)

Credits: 4

Qualifies For: CPE

Instructor(s): Dave Peters, CPA, CFP, CLU, CPCU, MST, MBA

$159

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The Essential Multistate Tax Update (MST4)

  • Customer Rating
    (31)
  • Field of Study
    Taxes
  • Level
    Update
  • Credits
    4.0
  • Qualifies for

    CPE

Overview

With the largest overhaul of the federal income tax code in 30 years and the repeal of the physical presence nexus standards for sales tax in the Wayfair case, the states are working fast and furious to overhaul their tax laws. As some states scramble to fund their budgets, they continue to look for additional forms of revenue. Plan to attend this fast-paced class that covers developing topics in state taxation, ranging from individuals to pass-through entities to corporate taxpayers. This class will focus on issues of small and middle-market companies and offer guidance for minimizing tax liability and negotiating the treacherous waters of compliance.

Major Topics:

  • Employees working in multiple states: Withholding issues (when to start and where to withhold) special issues depending on type of tax assessed in the state or locality
  • Emerging sales tax topics: Elimination of the physical presence standard in determining nexus (Wayfair case); economic nexus for remote sellers; assisting remote sellers in determining a plan of action in states that enforce economic nexus
  • Emerging compliance issues in the new sales tax economy
  • Income Tax (and other forms of tax): Economic nexus (taxation without physical presence)
  • Will states shift away from income tax and increase reliance on sales tax after Wayfair?
  • Treatment of Tax Cuts and Jobs Act by the states: presence of intangible property; is P.L. 86-272 still valid?
  • Pass-through problems: Nexus issues for interest owners
  • Treatment of the 199A deduction for pass through entities by states: Withholding issues
  • Practical considerations in dealing with multistate taxation: Dealing with state nexus questionnaires
  • When to consider voluntary compliance: Responsibility of officers, members, partners, and shareholders; planning ideas and opportunities; updates on pending federal legislation relative to state tax

Learning Objectives

  • Understand changes in state statutes, regulations and case law
  • Determine how the states will treat changes under the Tax Cuts and Jobs Act
  • Identify areas that may require additional attention for state tax planning purposes
  • Identify areas that may be costly for employers or clients
  • Understand the “who, what, when, and where” of nexus for income and sales tax

Designed for:

Accountants who want an update on current multistate tax issues to minimize clients’ potential state and local tax liability

Prerequisite:

Experience in corporate taxation

Advanced Preparation:

None

Interested in bringing this course into your firm?

PRIVATE WEBINARS AND LIVE ON-SITE COURSES ARE AVAILABLE. LEARN MORE.
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