Description
Technological innovation is all around us, providing us with the ability to purchase, receive, and consume productsservices in ways we never imagined.Unfortunately, state tax legislatures are unable to keep up with the rapid pace of technological innovation, resulting in sales tax laws and regulations that do little to provide guidance to those responsible for sales tax compliance. This topic looks beyond the sales tax statutes and regulations, and instead focuses on the rulings, policy statements, and sales tax decision to help taxpayers and their advisors identify and understand the potential sales tax issues that need to be addressed. The material covers the various ways in which states have addressed the sales taxation of transactions involving software and cloud computing, including distinguishing between software and services as well as determining the sourcing of these transactions. In addition, new sales tax nexus rules are disrupting the status quo, especially for technology companies, and the information provided will help taxpayers understand where they may have sales tax compliance obligations. Understanding these issues is critical for companies in order to ensure proper sales tax compliance and to minimize the risk of sales tax exposure.
Date: 2020-09-21 Start Time: End Time:
Learning Objectives