Gain an understanding of the rules of sales and use taxation and be aware of potential exceptions and special applications.
This topic will assist contractors and those dealing with contractors an understanding as to who and what is subject to sales and use taxes, including who is responsible for collecting the sales tax or paying the use tax, e.g. who is the ultimate consumer, the differences in taxation between real and personal property, the taxation of repairs, repair services and installation, and the taxation of intangibles such as warranties. Without an understanding of these basic concepts, a contractor may significantly under-bid the cost and profit related to construction projects, or may be subject to additional taxes, penalties and interest upon audit. This program will not only review basic general rules, but will also discuss some exceptions and special applications.
Learning Objectives
- You will be able to describe who is responsible for collecting or paying the sales and use tax.
- You will be able to explain who is subject to the sales and use tax.
- You will be able to identify typical sales and use tax exemptions.
- You will be able to review basic rules of taxation and be aware of potential exceptions and special applications.
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Why Lorman?
Over 38 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
Who Is Responsible for Collecting or Paying the Sales and Use Tax?
- The Contractor as the Vendor or Retailer
- The Contractor as the Consumer
What Is Subject to Tax?
- Personal Property vs. Real Property
- Repairs and Installation
- Warranty Contracts
- Intangible Property
Tax Exemptions
- Sales for Resale Exemption
- Religious and Charitable Organizations
- Government Entities
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More Program Information
Why Lorman?
Over 38 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 May 20, 2020.
Call 1-866-352-9540 for further credit information.
No Credit AvailableThis program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 38 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
Gary Thorup
Dentons Durham Jones Pinegar P.C.
- Shareholder at Dentons Durham Jones Pinegar P.C.
- Practice is primarily focused on state and local tax matters, government affairs, administrative law, but also includes federal tax controversies and nonprofit/tax exempt organizations
- Utah Attorney General – Ass’t. Attorney General (Tax Section)(1981-86), Chief, Tax Section (1982-86)
- Utah State Tax Commission – Chief General Counsel (1983-86)
- Utah State Bar Association – chair, Tax Section
- National Association of State Bar Tax Sections – member and past chair of the Executive Committee
- Recognized by Utah Legal Elite (Tax)
- Recognized by Mountain State’s list of Super Lawyers (Tax)
- Speaker/presenter/moderator at numerous national and Utah-based seminars and conferences on various SALT topics
- LL.M. degree, NYU School of Law; J.D. degree, University of Utah College of Law; B.A. degree in political science, magna cum laude, University of Utah
- Can be contacted at 801-415-3000 or [email protected]
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Why Lorman?
Over 38 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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