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Achieving Multistate Tax Compliance: Sales Tax, Nexus Laws, and Best Practices

ACHIEVING MULTISTATE TAX COMPLIANCE: SALES TAX, NEXUS LAWS, AND BEST PRACTICES

Cost Free
Presentation Length 1.0 hour

Recorded DateAugust 21, 2024
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Course Description

This webinar will begin with an overview of sales and use tax basics and economic nexus following the landmark Wayfair decision. It will provide an overview of states' laws and thresholds and important information for remote sellers to follow under these laws and regulations. Our presenter will also cover features and details related to the Streamlined Sales Tax Agreement and provide important details regarding state collection laws and compliance issues for marketplace facilitators and sellers including where to find guidance from state tax department websites for sellers and facilitators.

The presentation will also include an overview of the benefits of achieving state tax compliance through the MTC Multistate Voluntary Disclosure Program including how to anonymously submit an application, obtain a voluntary disclosure agreement, and provide necessary documentation.

Learning Objectives:


  • Outline sales and use tax basics and economic nexus following the 2018 South Dakota v. Wayfair decision

  • Identify states’ sales/use tax economic nexus laws and their thresholds and recognize important issues for remote sellers under these new laws

  • Evaluate the Streamlined Sales Tax Agreement, its centralized registration and simplified electronic return features, and information available on its website for remote sellers

  • Name marketplace facilitator tax collection laws enacted by states and key issues for compliance under these laws for facilitators and sellers

  • Describe information available on state tax department websites concerning remote sellers, marketplace facilitators, and marketplace sellers and how to find such guidance

  • Evaluate the benefits of achieving state tax compliance through the MTC Multistate Voluntary Disclosure Program and describe the process for anonymously submitting an application to MTC staff, obtaining a voluntary disclosure agreement signed by the state, and providing to the state the necessary documentation and tax payments required

  • Recognize the major features of states’ sales/use tax economic nexus laws and marketplace facilitator tax collection laws

  • Identify resources such as the Streamlined Sales Tax website and state tax department websites for obtaining more detailed information concerning these laws

Not logged
PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
Linkedin

Richard Cram

Multistate Tax Commission
Director, National Nexus Program
[email protected]
(202) 695-8139

Mtc

Richard Cram is the Director of the Multistate Tax Commission’s National Nexus Program in Washington, D.C. The National Nexus Program provides a Multistate Voluntary Disclosure Program that 37 states and the District of Columbia participate in. Cram has recently contributed articles to Tax Analysts State Tax Notes and has presented as a co-panelist at the Georgetown Law School Advanced State and Local Tax Institute and the Paul J. Hartman SALT Forum. Prior to his current position, Cram served for 15 years as the Director of Policy & Research in the Kansas Department of Revenue and for two years as an attorney in the Legal Services Bureau of the Department in Topeka, Kansas. He has worked as a research attorney for the Kansas Supreme Court and practiced law as an associate in law firms in Chicago, Illinois, and Goodland, Kansas. Cram graduated from the University of Kansas School of Law. He currently resides in Alexandria, Virginia.

About Our Presenter

Mtc
Multistate Tax Commission is an intergovernmental state tax agency whose mission is to promote uniform and consistent tax policy and administration among the states, assist taxpayers in achieving compliance with existing tax laws, and advocate for state and local sovereignty in the development of tax policy.