Compliance Issues of Sales and Use Tax in the United States – Part 1

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The three courses on U.S. sales and use tax intend to provide a comprehensive overview of the sales and use tax system in the United States. Course I, Fundamentals of Sales and Use Tax in the United States, focuses on the basics of sales and use tax as well as nexus standards and the implications of Court rulings such as the Supreme Court' decision on the 1992 Quill case and the recent 2018 Wayfair case. Course II, Compliance Issues in Sales and Use Tax in the United States, provides details on compliance issues such as registration, calculating tax liabilities, reporting, payment, penalties, appeals, and audit management. Course III, Reform and Development of Sales and Use Tax in the United States, focuses on:(1) The sales tax reform and the Streamlined Sales Tax (SST); (2) Hot topics in tax treatment regarding e-commerce, Internet sales, M&A, sales of digital goods, cloud computing and software as a service;(3) A brief introduction of local sales taxes and gross receipts taxes. This is Part I of Course II focusing on addressing the following fundamental questions: What transactions are taxable? Who bears the taxes? At which location are the sales taxed? What are the requirements for licensing and registration? How are the taxes calculated? What is the tax base? Which rate to use? What are the compliance requirements?