CPAR Taxes

CPAR - 2019/October, Seg.01 - The Unfolding Tax Compliance Legacy of Wayfair

Course Overview
Governments do rely on tax revenues to fuel the vital services they provide to residents and businesses - from firefighting and public education to water system repair and road maintenance. Sales and use taxes have long been key sources of state governments' budgets and, in fact, have been their greatest single stream of revenue since the mid-1900s. The Supreme Court last year gave states a green light to collect online sales tax from out-of-state businesses without setting guardrails. Lindsay LaCava, a partner in the New York City office of Baker & McKenzie, reminds our viewers of the major impact that Wayfair has had on the business community and its tax advisers.



Learning Objectives:

Upon successful completion of this segment, you should be able to:

  • Identify the changes in the U.S. Supreme Court’s decision on South Dakota vs. Wayfair in June 2018;
  • Determine sovereign immunity between states;
  • Define the key facts in the North Carolina v. K'stner Trust decision and the tax implications; and
  • Identify the concerns over the $10,000 SALT cap for individual tax return and what happens if a state enacts an entity level tax.

Content Partner:

CPA Reports Online

Prerequisites/Advanced Preparation:

Work experience in tax planning or tax compliance, or an introductory course in taxation.

Speaker / Author:

SmartPros Ltd. is a leader in online and offline continuing education for accounting, finance and engineering professionals. With over 2,000 hours of content, SmartPros has been providing mandatory continuing education products since 1981. SmartPros provides services and content to its professional and corporate clients, in a variety of media including Web, CD-ROM, and video. In the accounting market, SmartPros also has a predominant news and information portal which receives 200,000+ visits per month and provides services to over 100,000 subscribers. SmartPros' customers include 50% of the Fortune 500, as well as the major firms and associations in each of its professional markets.

Software & Hardware Requirements:

  • 56k or Greater Internet Connection
  • Adobe Acrobat® Reader for the .pdf files
  • Modern DHTML Compatible Browser
  • Ram: 256 MB minimum
  • Sound card with speakers/headphones
  • Windows or Mac OS

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Price (USD)

Standard Rate: $69.90

Details

Course Code : CPAR1415-FM

Release Date : 10/29/2019
Expire Date : 12/10/2020
Credits :
CPE 2.00
QAS 2.00

Length : 1hr 40min
Course Level : Update
Course Type : Self-Study
Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Taxes


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