Multistate Nexus Standards and the Effects of the South Dakota v. Wayfair Decision
1 hour 40 minutes
Learn about the taxing structures as well as how each different structure triggers nexus and the effects of South Dakota v. Wayfair.
As we approach the last quarter of 2020, the trend of states continuing to pursue aggressive apportionment policies will continue. This trend indicates that more than 40 states will now apply some form of an economic presence test for income and franchise tax purposes by the end of 2020; and with the U.S. Supreme Court’s ruling in South Dakota v. Wayfair. Inc., economic nexus can now be applied in determining whether a company has created a sales tax filing obligation. Learn about the range of approaches that different states take to tax corporations and issues to consider if a business expands into additional states. Learn about the taxing structures and how each different structure triggers nexus. On June 21, 2018, the Supreme Court of the United States ruled in favor of the State of South Dakota v. Wayfair Inc. This decision allows states to tax remote sales. What does it mean for out-of-state sellers? Gain insight with this in-depth presentation with discussion regarding the U.S. Supreme Court’s decision in South Dakota v. Wayfair, Inc.
• You will be able to recognize the differences between nexus.
• You will be able to review economic based nexus standards.
• You will be able to discuss the confusion surrounding South Dakota v. Wayfair, Inc.
• You will be able to identify if you need to begin filing in the states that follow Wayfair, Inc.