Join Alexander Korzhen and Judy Vorndran for 110-minutes of CPE and Q&A delving into updates and strategies for overcoming sales tax challenges in state nexus and the key laws in state and local tax.
Thursday, November 4, 2021
1:00pm-2:50pm EDT | 10:00am-11:50am PDT
This course will provide tax professionals a detailed briefing on the latest state developments and tax trends affecting retailers. The panel will discuss the transformation of state nexus rules, market facilitator laws, reporting, and exemptions. The panel will also offer compliance approaches and demonstrate their application to guide professionals in navigating and adjusting to multistate developments.
Description
The high volume of sales by retailers increased the risks of noncompliance for collecting and remitting sales taxes. Tax professionals must identify key issues in calculating and reporting sales taxes, state nexus rules, market facilitator laws, and determining the taxability of products.
Retailers face complex tax issues when managing hundreds of products across multiple jurisdictions. Navigating rules, various rates, and other items increase the risk of errors and audit exposure. Tax professionals must avoid critical mistakes such as miscategorizing products, failing to update tax rules and rates, and other compliance issues.
Listen as our panel discusses the taxability of products, state nexus rules, and reporting. The panel will also offer compliance approaches and demonstrate their application to guide professionals in navigating and adjusting to multistate developments.
Outline
- Essential concepts of sales taxes for retailers
- Multiple jurisdictions and sourcing transactions
- Sales tax exemptions
- Revenue agency administration of sales tax
- Filing frequency
- E-filing
- E-payment
- Vendor compensation
Benefits
The panel will drill into these and other essential aspects:
- Understanding the sales tax compliance and reporting requirements for retailers
- Identifying sales tax issues from contracting, invoicing, drop shipping, and more
- Market facilitator laws and exemptions
- Properly collecting and remitting sales tax
- Key methods in maintaining compliance for retail businesses
FACULTY
Alexander Korzhen, J.D., MBA
SALT Senior Tax Manager
TaxOps
State taxes are complicated. Mr. Korzhen takes ownership of the process, cutting through taxpayer frustration and executing in all aspects of state and local tax, typically to the relief of his clients. With almost 20 years of solving tax puzzles, he is pragmatic in his approach to balancing business risk and cost. Mr. Korzhen anticipates issues and pre-emptively answers questions to help alleviate the stress of dealing with various state tax issues and offer solutions to resolve them with and for business leaders and tax practitioners. Mr. Korzhen is a frequent speaker on state and local tax issues and can be reached at akorzhen@taxops.com.
Judith B. Vorndran, JD, CPA, MSBA
Partner
TaxOps
Ms. Vorndran helps clients and tax professionals navigate the morass of state and local tax issues with the goal of making it less “taxing!” She is a nationally recognized thought leader and award-winning instructor with a steady focus on finding ways to simplify complex state and local tax issues and resolve areas of state tax controversy. Judy Vorndran is a frequent speaker on state and local tax issues and can be reached at jvorndran@taxops.com.
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