Surgent's Exploring Client Advisory Services: Tax Due Dates and Penalties/Where Do I Need To File?

Registration for the event "Surgent's Exploring Client Advisory Services: Tax Due Dates and Penalties/Where Do I Need To File?" is currently unavailable.

Overview

This course provides essential knowledge for Client Advisory Services (CAS) professionals navigating multistate taxation and managing tax deadlines. We’ll start by exploring the implications of the Wayfair decision, focusing on general rules for sales and income tax nexus across states. You’ll learn what to look for in state statutes and gain a solid foundation for filing requirements. Additionally, we’ll cover key tax due dates, how to handle missed deadlines, and potential relief options. Whether you’re new to the field or running your own practice, this course will equip you with the tools to succeed.

Course Instructor: Dave Peters, CPA, CFP, CL

Highlights

Estimated taxes and deadlines
Tax due dates for common returns and filings
Potential penalties and interest
Information return penalties
Penalties applicable to pass-through entities
Accuracy-related penalties
First-time abatement (FTA)
FTA eligible returns
Reasonable cause
Nexus: sales tax vs. income tax
Sales tax nexus with state specific examples
Remote work and sales tax nexus
Income tax nexus with state-specific examples
Remote work and income tax nexus
Sales factor: throwback rules

Prerequisites

None

Designed For

Accounting and finance professionals who work with business owners on multistate tax issues, small business owners working in multiple states, and other accountants looking to serve their companies or clients in the areas of payroll services or operations

Objectives

Identify key tax due dates by entity type
Recognize how late filing, late payment, and other common penalties are calculated
Recall common information return due dates and applicable penalties
State first time abatement relief qualifications and other common remedies
State what the term nexus means and how it differs for sales tax and income tax reporting obligations
Recognize economic nexus and when it applies
Identify when a company has to file an income tax return or sales tax return

Preparation

None

Notice

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by Surgent. Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.