Fundamentals of Sales and Use Tax in the United States

$69.00

This three-part course on U.S. sales and use tax intends to provide a comprehensive overview of the sales and use tax system in the United States. Part 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's decision on the 1992 Quill case and the recent 2018 Wayfair case. Part 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. Part III, Reform and Development of Sales and Use Tax in the United States, focuses on:

    The sales tax reform and the Streamlined Sales Tax (SST); Hot topics in tax treatment regarding e-commerce, Internet sales, M&A, sales of digital goods, cloud computing and software as a service; A brief introduction of local sales taxes and gross receipts taxes. This is Part I of the course focusing on addressing the following fundamental questions: What is the nature and purpose of sales and use taxation? What are the implications of U.S. constitutional issues on sales and use tax? What is nexus? Why does (or doesn't) it matter?