The Nexus Wars: Fighting in an Ever Changing Landscape!
I will be speaking in November at the Minnesota CPA Society's Annual Tax Conference in Minneapolis, MN about state tax nexus. I have entitled the session, "The Nexus Wars: Fighting in an Ever Changing Landscape."
The presentation will be an interactive session seeking to provide attendees with an update on states nexus rules (statutes, case law, rulings, etc.) that are constantly changing and far-reaching. We will discuss why nexus is important, what creates nexus for different types of state taxes, and how a company can mitigate their state tax nexus exposure. The topics will be discussed in the context of real world examples, providing attendees with practical knowledge that can be applied to their company or clients.
Some of the topics we will cover are:
- Income tax nexus vs. Sales tax nexus
- Gross receipts tax nexus vs. Income tax nexus
- Business Activity Taxes nexus
- De minimis nexus vs. Substantial nexus
- Economic nexus / Factor Presence nexus
- Agency nexus (independent contractors and third parties)
- Affiliate nexus
- "Amazon” nexus (e-commerce)
- P.L. 86-272 nexus protection and its limits
- Transactional nexus and Dissociation
- Exemptions to nexus
- Nexus for Foreign (non-us) companies
- The benefits of a nexus review
- To File or Not to File?
- How to mitigate nexus exposure once it is identified
- How NOT to answer a nexus questionnaire
I Want to Hear From YOU!!!
In preparation for my presentation, I would love to hear from you. What is your "nexus war"? What is your main nexus concern or issue? What practical examples have you been through? Arguments, protests, nexus questionnaires "gone bad," etc.? Amnesty programs and voluntary disclosure agreement success stories?
Please comment on this blog or e-mail me at firstname.lastname@example.org with your "nexus war" or "battle scar."
Brian Strahle is the owner of LEVERAGE SALT, LLC where he provides state and local tax technical services to accounting firms, law firms and tax research organizations across the United States. He also writes a weekly column in Tax Analysts State Tax Notes entitled, "The SALT Effect." For more info, visit his website: www.leveragestateandlocaltax.com
You can reach Brian at email@example.com.
Because state and local taxes are deceptively simple and endlessly complicated.