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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BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.
Date + Time
- event
Monday, February 10, 2025
- schedule
1:00 p.m. ET./10:00 a.m. PT
- Introduction
- Nexus
- General
- California
- New York
- Texas
- Controversy
- Overview
- Best practices in audit management
- Best practices in settling a state tax dispute
- Offsetting a state tax assessment
- Where states are looking to raise money
- Controversy process
- California
- New York
- Texas
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
Learning Objectives
After completing this course, you will be able to:
- Identify nexus requirements in Texas
- Determine steps to take to successfully defend a nexus position
- Ascertain when it is best to file a return in New York
- Decide which businesses are subject to reporting requirements in California
- Field of Study: Taxes
- Level of Knowledge: Intermediate
- Advance Preparation: None
- Teaching Method: Seminar/Lecture
- Delivery Method: Group-Internet (via computer)
- Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
- Prerequisite: Three years+ business or public firm experience preparing complex tax forms and schedules, supervising other preparers or accountants. Specific knowledge and understanding of SALT taxation, nexus and apportionment as it applies to multi-state businesses.
BARBRI, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of Accountancy have final authority on the acceptance of individual courses for CPE Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.
BARBRI CE webinars-powered by Barbri-are backed by our 100% unconditional money-back guarantee: If you are not satisfied with any of our products, simply let us know and get a full refund. Contact us at 1-800-926-7926 .
