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

This course has two parts. After completing this part of the course, the learner should be able to:

  • Identify who bears sales and use tax and who collects it
  • Recognize transactions that are subject to and are excluded or exempt from sales and use tax
  • Determine the location of sales and identify the jurisdiction entitled to impose sales and use tax
  • Recognize the structure and organization of states’ tax administrations
  • Identify the licensing and registration requirements for taxpayers of sales and use tax
  • Determine the sales or purchase price used as the tax base under various circumstances
  • Identify the appropriate tax rates applied to different transactions across states
  • Recognize the impact of accounting methods on taxable sales
  • Identify the general filing requirements across states
  • Define managed compliance and identify the pros and cons
  • Recognize the procedures of tax payment and the claims of refunds and credits
  • Define assessment and identify its process
  • Recognize the statute of limitation for assessment and the record retention requirement
Instructor Susie Duong

Instructor bio

Dr. Duong is an Accounting Subject Matter Expert for Becker Professional Education. Her professional background includes working in academia as well as in the accounting industry. She started her career working for EY as a senior associate focusing on interim, final and IPO audit of corporations in non-financial sectors such as manufacturing, utility, transportation, construction, services and so on. When working in academia, she taught both undergraduate-level and graduate-level accounting courses including Financial Accounting, Managerial Accounting and Financial Valuation at the University of Michigan, the University of North Carolina at Chapel Hill and National University of Singapore. Her academic research focuses on financial reporting issues in the banking industry and the use of accounting information in small business lending and debt contracting. Dr. Duong also owns a firm that provides tax compliance, research and consulting services. She holds a PhD in Accounting from the University of North Carolina at Chapel Hill, an M.Phil (Master of Philosophy) in Accounting from the University of Hong Kong and a BA in Accounting from Fudan University. She is also a CPA, CMA, CIA and an EA.

National Registry of CPE Sponsors

A Becker Professional Education 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.nasbaregistry.org

Becker Professional Education Sponsor I.D. Numbers NASBA: 107294, New York: 002087, New Jersey: 20CE00226700, Texas: 009580, Ohio: CPE.186, Illinois 158.002405, Pennsylvania: PX177823

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