New York Sales and Use Tax Update and Hot Topics
Author: Joseph N. Endres, Daniel P. Kelly, Hodgson Russ LLP
| CPE Credit: |
2 hours for CPAs |
Much has changed over the past two and a half years with respect to sales and use tax compliance. This presentation will review the impact the Wayfair decision has had on sales and use tax compliance, and provide a review of recent NY case law, administrative rulings and enforcement initiatives.
Publication Date: October 2020
Designed For
CPAs, CFOs, Controllers, Business Owners.
Topics Covered
- Multistate Compliance and the Impact of Wayfair
- How New York Finds Businesses to Audit
- Recent Authority in New York
- Audit Issues — Tips and Traps
Learning Objectives
- Identify the applicable economic nexus provisions in force in each state
- Identify the data and information the NYS Tax Department is reviewing to find audit targets so as to better help clients avoid mistakes that place them on the state's radar
- Recognize the updated sales tax rules that stem from newly-issued authority
- Identify the measurement period of sales for New York
- Recognize which legislation would prevent states from collecting sales and use tax if there is no physical presence
- Identify ways New York identifies businesses to audit
- Identify a drawback of NYS Voluntary Disclosure Agreements
Level
Update
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
Basic understanding of New York Sales and Use Tax
Advance Preparation
None
