NOT1930. Wayfair Case & State Issues

Track: 
Tax
Field of Study: 
Taxes
CPE Credit: 
1.5
Knowledge Level: 
Intermediate
Advanced Preparation: 
None
Prerequisite: 
Basic knowledge of not-for-profit operations, auditing, accounting and/or compliance requirements. General experience working in, or auditing, not-for-profits, including those NFPs audited under GAGAS.

Tuesday, June 11, 2019
 
11:10AM-12:25PM

Most nonprofit organizations have responsibilities for state and local sales tax and other taxes, even if the federal income tax exemption removes state income tax liability. The U.S. Supreme Court's recent ruling in the WAYFAIR case adds to the importance of staying on top of this area, now. We will also discuss state Unclaimed Property remittance laws and other state filing requirements.

Learning Objectives:

  • identify the multistate perspective of how state and local sales taxes apply to a nonprofit organization's purchases and sales.
  • Assess how the U.S. Supreme Court's Wayfair ruling may create multistate sales tax filing requirements for nonprofit organizations.
  • Apply state Unclaimed Property laws and other state filings.


SESSION SPEAKER(S)

CPA
CPA | Karen T. Syrylo, CPA