Learn how sales and use tax relate to each other and gain an understanding of exemptions.
Ongoing litigation, multistate legislation, and administrative changes have been altering the landscape of sales and use tax compliance for businesses operating in a multistate environment. Over the last several years, these issues are not limited to online businesses selling goods to customers in multiple states. Many services are moving toward a digital platform, which creates significant sales tax issues in states that impose taxes on services. This topic covers the basics of sales and use tax, including how the two types of taxes work together, which state or local jurisdiction(s) can impose the tax, and how to evaluate when tax collection is required. This information also addresses, in general, what types of questions to ask to determine which goods and services are taxable in a particular state, which exemptions apply, and tips for documenting them
Learning Objectives
- You will be able to identify the Basics of Sales Tax
- You will be able to identify the Basics of Use Tax
- You will be able to recognize states jurisdiction to tax
- You will be able to differentiate responsibilities in imposing and collecting various taxes
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
How the Sales Tax and Use Tax Work Together
- Sales Tax
- Use Tax
- Physical Presence, Economic Nexus, and Marektplaces
Taxable Items
- Tangible Personal Property
- Taxable Services
- Who Pays?
Exemptions
- Entity Exemptions
- Item Exemptions (Including Tax Holidays)
- Use Exemptions
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Credit
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on June 12, 2024.
Call 1-866-352-9540 for further credit information.
- AIPB 2.0
- This program is acceptable for 2.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
CPE/NASBA - QAS Self Study 2.6 including Taxes 2.6
- Noggin Guru, Inc. dba Lorman Education Services and BankersHub is registered with the National Association of State Boards of Accountancy (NASBA) as a QAS Self Study 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 credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.6 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Taxes for 2.6 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: QAS Self Study. Please refer to the information in this advertisement for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
MP3 Download
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Christina (Christi) A. Mondrik, CPA, Esq.,TBLS Board Certified - Tax Law
Mondrik & Associates
Christina A. Mondrik, Esq., CPA
- Founder of Mondrik & Associates, www.mondriklaw.com
- Board Certified, Tax Law, Texas Board of Legal Specialization
- Represents taxpayers in resolving state and federal tax controversies and litigation
- 2019 - 2020 chair, Tax Section, State Bar of Texas
- 2024 - 2025 treasurer, Texas Society of CPAs
- vice-chair, American Bar Association Section of Taxation State and Local Tax Committee
- J.D. degree, with honors, University of Texas School of Law; B.B.A. degree, accounting, University of Texas
- Can be contacted at 512-542-9300 or [email protected]
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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