Learn the risks and costs associated with nexus noncompliance.
There have been many significant state tax law changes over the past couple of years, and many businesses continue to struggle with understanding when a state may impose a tax filing obligation. More often than not, many businesses may have been actively engaged in business - selling goods and/or services to customers throughout numerous states - without knowing that such activities may give rise to certain income tax and/or sales tax filing obligations, and that such obligations do not disappear with the passage of time, thereby creating a significant risk of exposure. This topic will help to demystify the rules regarding nexus for both state income and sales taxes and explain the risks of operating out of tax compliance. We will also address the various administrative remedies that may be available to mitigate any such risk from historical tax exposures due to noncompliance, identify the benefits of pursuing voluntary compliance, as well as provide a summary overview of how to avail yourself of these administrative programs offered by most states.
Add to Wishlist
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.
Agenda
Triggering Nexus: Pre- and Post-Wayfair
- Understanding Nexus Rules for State Income/Franchise and Sales/Use Taxes
- Physical Presence vs. Economic Nexus
- Implications of the Wayfair Ruling
- Understanding the Risks of Having Nexus in Prior Tax Periods
- Statute of Limitations Issues
- Implications for Businesses and Business Owners
- Civil Penalties
- Criminal Penalties
- Recent Trends - Nexus Issues Arising From COVID-19
Administrative Remedies
- Voluntary Disclosure Programs
- Multistate Tax Commission (MTC) and/or Individual State Programs
- Amnesty
- Difference Between VDA
- Current Amnesty Programs
- Managed Audits
Practical Impact to Businesses
- Businesses Impacted
- Tax Types Impacted
- Impact on Financial Reporting
- Risks of Taking No Action
- Recommended Action Steps
Practical Approach to Addressing State Tax Compliance Issues
- Determining Nexus and Filing Obligations - the Continuing Importance of Nexus Studies
- Understanding Sourcing and Apportionment
- Determining Taxability of Products and Services (for Sales Taxes)
- Quantifying Potential State Tax Exposure
- Mitigation Strategies
- Prospective Compliance
Add to Wishlist
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 July 26, 2021.
Call 1-866-352-9540 for further credit information.
- CA MCLE 1.5
- Lorman Education Services is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
Add to Wishlist
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.
Faculty
Christian J. Burgos, Esq.
Marcum LLP
- State and Local Tax (SALT) Partner with Marcum LLP in New York and California, and Co-Leader of the National SALT practice at Marcum LLP
- A State and Local Tax professional with over 16 years of experience advising business and individual clients in multistate tax matters, which include, but are not limited to, multistate income/franchise and sales and use tax compliance, nexus analyses, apportionment studies, state tax provisions, restructurings and mergers and acquisitions
- Has extensive experience representing business and individual clients before multistate taxing authorities in tax examinations and administrative appeals processes
- Has also advised clients on a broad array of federal and state credit and incentives opportunities, with a primary focus on California state credits
- Presently sits as an adjunct faculty member with California State University, Fullerton, where he teaches State and Local Taxation as part of the University’s Master of Science in Taxation (MST) program
- Written several articles on topics on state corporate income and franchise taxation for trade periodicals, such as the AICPA’s The Tax Advisor
- Memberships include The State Bar of California (Lic. No. 250741); and the United States Tax Court (Lic. No. 0725)
- Is a Certified Member (CMI) of the Institute of Professionals in Taxation (IPT) in State Income Taxation (CMI No. 046) and Sales Taxation (CMI No. 1185)
- J.D. and LL.M. in Taxation from Loyola Law School, Los Angeles; B.A. in Political Science from the University of California, Los Angeles
- Can be contacted at 332-216-0760 or [email protected]
Jeremy Katz, Esq.
Marcum LLP
- State and Local Tax (SALT) Manager with Marcum LLP in New York
- A State and Local Tax professional with over 5 years of experience in a wide range of state and local income/franchise and sales/use tax matters
- Memberships include The State Bar of New York and New Jersey; and member of the Institute of Professionals in Taxation (IPT)
- J.D. and LL.M. in taxation from Villanova University School of Law; M.B.A. from Villanova University
- Can be contacted at 954-804-1023 or [email protected]
Add to Wishlist
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.
All of your training, right here at Lorman.
Pay once and get a full year of unlimited training in any format, any time!
- OnDemand Courses
- Live Webinars
- MP3 Downloads
- Course Manuals
- Executive Reports
- White Papers and Articles
Additional benefits include:
- State Specific Credit Tracker
- All-Access Pass Course Concierge
Questions? Call 877-296-2169 to speak with a real person.
Access to all training products for one year
$699/year
Unlimited Lorman Training
With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!
Easy Registrations
Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.
Invest in Yourself
You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.
