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Course Details

Course Information
  • smart_display Format

    On-Demand

  • signal_cellular_alt Difficulty Level

    Intermediate

  • work Practice Area

    Corporate Tax

Date & Time
  • event Date

    Monday, February 10, 2025

  • schedule Time

    1:00 p.m. ET./10:00 a.m. PT

  • timer Program Length

    110 minutes

Credit Information

  • BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.

$247.00
CPE
ALL

This webinar will explain states' tactics for raising revenues by asserting nexus claims against multistate businesses. Our panel of SALT experts will discuss how specific states (including New York, California, and Texas) target interstate businesses and assess state income tax liability and how tax practitioners should respond to these challenges.

Faculty

George W. Rendziperis
Managing Director, State and Local Tax
Hancock Askew & Co., LLP

Mr. Rendziperis provides state and local tax advice to companies in the financial services, private equity, real estate, technology, manufacturing, oil and gas, and service sectors. He has more than 15 years of experience advising clients on controversy, litigation, planning, implementation and compliance issues related to income and franchise tax, sales and use tax, excise and property taxes, unclaimed property, and tax incentives and credits.

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Jeanna Schenk
SALT Senior Manager
REDW, LLC

Ms. Schenk has been in tax for 10 years, worked in Big 4 and mid-size public accounting firms (KPMG, Moss Adams) and right before joining REDW in June 2021, she was in industry for about 5 years (PACCAR Inc, Viad Corp). She is currently a SALT manager working mainly in the state income tax area.

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Description

States are looking for ways to raise money, and asserting nexus claims is a successful means. Recently, California targeted out-of-state sellers with sales in their state exceeding $500,000 or 25 percent of total sales. Paying compensation of $50,000 or more or housing business inventory in the state can subject taxpayers to reporting obligations as well.

Most recently, Texas adopted an economic threshold of $500,000 for establishing nexus and requiring businesses without a physical presence to remit tax if sales in the state meet or exceed this amount. Multistate companies need to monitor state requirements to ensure they are not subject to penalties and interest. Tax practitioners need to understand how best to assist these businesses and represent them for upcoming state nexus challenges.

Listen as our panel of SALT experts discusses current nexus requirements, best practices when settling a state dispute, and how to successfully manage audits of multistate businesses.

Outline

  1. Introduction
  2. Nexus
  3. General
  4. California
  5. New York
  6. Texas
  7. Controversy
    • Overview
    • Best practices in audit management
    • Best practices in settling a state tax dispute
    • Offsetting a state tax assessment
    • Where states are looking to raise money
  8. Controversy process
    • California
    • New York
    • Texas

Benefits

The panel will review these and other critical issues:

  • New nexus thresholds in key states
  • Best practices for audit management
  • How to settle a state tax dispute
  • Current nexus challenges by states

NASBA Details

Learning Objectives

After completing this course, you will be able to:

  • Identify nexus requirements in Texas
  • Determine steps to take to successfully defend a nexus position
  • Ascertain when it is best to file a return in New York
  • Decide which businesses are subject to reporting requirements in California

  • Field of Study: Taxes
  • Level of Knowledge: Intermediate
  • Advance Preparation: None
  • Teaching Method: Seminar/Lecture
  • Delivery Method: Group-Internet (via computer)
  • Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
  • Prerequisite: Three years+ business or public firm experience preparing complex tax forms and schedules, supervising other preparers or accountants. Specific knowledge and understanding of SALT taxation, nexus and apportionment as it applies to multi-state businesses.

Strafford Publications, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a 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 Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.