Quill Overturned: How the Wayfair Decision Could Transform Sales Taxes Nationwide (Completed)
Date: Friday, September 20, 2019
Instructor: Timothy Noonan
||9:00am Pacific Time
10:00am Mountain Time
11:00am Central Time
12:00pm Eastern Time
||2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC
Quill Overturned: What Now for Sales and Use Tax Collection?
After more than 25 years, the U.S. Supreme Court has changed direction and ruled in Wayfair that businesses that sell to customers in other states must collect the sales taxes that would be due in that state. For internet sales, drop shipments, and other common transactions Quill no longer provides protection from being required to act as a tax collector for a state other than the business’s home state. What does this decision mean? Experienced state and local tax practitioner Tim Noonan, Esq., will provide that answer and others in this one-hour overview webinar on Wayfair and its impact. Your business and your clients have to start making plans now to deal with this decision. It is not something that can be dealt with overnight and there are questions regarding what states will do in the wake of this decision that overturns a landmark Supreme Court decision.
Who Should Attend
All corporate finance and tax staff, CPAs in public practice, attorneys who work with state tax issues, and all who are responsible for sales tax compliance in their organizations.
- Wayfair—What does it say?
- Quill—What was overturned
- Impact on multistate businesses
- What questions remain unanswered by the Court's decision?
- Discuss the Wayfair decision and its impact on businesses selling across state lines
- Explain why nexus is no longer an issue in sales tax collection requirements
- Plan next steps for your clients or business
NASBA Field of Study
Taxes (2 hours)
A basic understanding of sales and use tax concepts.