Anytime your client’s business sells good online, they may be required to calculate, collect and remint sales and use taxes for the buyer’s state. If the business sells nationally, they are potentially liable for collecting taxes in more than 7,000 taxing jurisdictions nationwide, even if they have no physical presence in those jurisdictions and markets. As e-commerce become easier and more cost effective, the tax compliance part becomes far more difficult, especially have the U.S. Supreme Court’s recent seminal decision in South Dakota v. Wayfair. This program will provide you a practical guide to your client’s sale and use tax compliance obligations when they sell goods on the Internet.
- New world of state and local sales taxes on the Internet after South Dakota v. Wayfair
- How physical presence is not required to trigger a state’s taxing jurisdiction
- Activities that subject a remote seller to a state’s taxing jurisdiction
- “Cookie laws,” the Cloud, and other digital bases for nexus
- Understanding the financial, civil and potentially criminal risks of non-compliance
- Best practices for state and local tax compliance in an uncertain environment
Note: This material qualifies for self-study credit only. Pursuant to Regulation 15.04.5, a lawyer may receive up to six hours of self-study credit in a reporting year. Self-study programs do not qualify for ethics, elimination of bias or Kansas credit.