Income Tax Nexus vs. Sales Tax Nexus

Income Tax Nexus Vs. Sales Tax Nexus

 

Course Description:

You could have nexus for income taxes in a state but not for sales tax and vice versa. Why is that and what are the differences? Nexus is perhaps one of the more difficult state tax issues that companies and their advisors face. It is a major determining factor in whether you have to pay or collect a state’s taxes. However, it is often one of the most misunderstood concepts which often leads to big problems for those who don’t get it right. It doesn’t have to be this way.

In this webinar we will attempt to help you understand the concept of nexus by briefly examining a few important court cases which provide the foundations for what most states consider to nexus-creating activities. This will include economic nexus, related entity nexus, agency nexus, affiliate nexus, physical presence and Public Law 86-272. In addition, we will discuss specific nexus-creating activities for sales tax and income tax and why there are often differences between the two.

 

Learning Objectives:

  • Have a basic understanding of nexus for sales and income taxes.
  • Identify differences between the two.
  • Identify potential problem areas that your clients may face.
  • Understand some common mistakes and how to avoid them.
  • Be aware of services you can offer to protect your clients and grow your business.

 

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One hour CPE credit available.



 

cpe-sponsors-webinarsPeisner Johnson & Company 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 credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.