State and Local Income Tax Issues
Product ID : NICK-0009
Level : Intermediate
Duration : 90 Minutes
Nick Preusch CPA, JD, LLM, is a tax manager with PBMares, LLP. Nick has participated in helping high wealth individual and large business entities with complex tax compliance, along with specializing in international, not-for-profit tax issues, and tax ethics issues.
Nick has also worked with the Internal Revenue Service as a Revenue Agent and an Attorney with the IRS Office of Professional Responsibility. Nick is a graduate of Carthage College with a BS in Accounting and Business, the University of Connecticut with an MA in Accounting, Case Western Reserve University with a JD, and Georgetown University with an LLM in taxation. Nick has also authored publications for the AICPA’s Journal of Accountancy, AICPA’s Tax Advisor, NATP’s Tax Pro Journal, and CCH’s Journal of Tax Practice and Procedure. He also co-authored a textbook, Tax Preparer Penalties, and Circular 230 Enforcement, published by Thomson Reuters. He has lectured nationally on topics such as ethics, complex tax transactions, and IRS practice and procedure.
Currently, Nick is an adjunct professor at the University of Mary Washington. Nick has been recognized as the Top 5 Under 35 CPAs in Virginia by the VSCPA in 2017 and CPA Practice Advisor’s Top 40 Under 40. He is a member of the VSCPA’s Tax Advisory Committee and Ethics Committee, and the AICPA’s Tax Practice and Responsibilities Committee.
In this practical webinar, you will learn with the expansion of the Internet, more and more companies are performing work out of their home state. It’s important to get a basic understanding of state and local tax issues in order to help guide clients in these other states as well as their home states.
Upon course completion, you will be able to:
- Determine where nexus is and if it exists
- Figure out sales and use taxes
- Understand the change of SALT issues with Wayfair
- Allocate income to different states
- Help clients successfully navigate state issue
Course Level - Basic/Intermediate
Who Should Attend
- Business owners
- CEO’s / CFO’s / CTO’s
- Managers of all levels
- Financial Professionals
- Financial Consultants
Why Should You Attend
As businesses continue to expand, most will look to enter new markets in different states. In order to provide the business with the best representation, an understanding of state and local tax issues is vital. Many businesses will ask questions about how their income should be apportioned, what type of registration is needed for a state, what other taxes are due for the state. In addition, the Supreme Court decision in Way fair has also made state and local tax issues more prominent. This webinar will give you a basic understanding of issues associated with state and local tax issues.