Webcast: Surgent's Exploring Client Advisory Services: Tax Due Dates and Penalties/Where Do I Need to File?
2.0 Credits
Member Price $75.00
Non-Member Price $100.00
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.
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
Leader(s):
Leader Bios
David Peters, CPA, CFP, CLU, CPCU, MST, Surgent McCoy CPE, LLC
David Peters is the founder and owner of Peters Tax Preparation & Consulting in Richmond, VA, and a Financial Advisor for Peters Financial, LLC. He has over fifteen years of financial services experience, including three years in the hedge fund industry and six years in the insurance industry. David was the first-ever Chief Financial Officer at Compare.com - a position he held for over three years. He is a national CPE Instructor/Discussion Leader for the AICPA, Kaplan, and Surgent and was a recipient of Surgent’s Outstanding Discussion Leader award for 2019. He regularly teaches accounting, finance, insurance, financial planning, and ethics throughout the United States. He is the advisor for Business & Industry topics for the SC Association of CPAs and was a recipient of The American College’s 2019 NextGen Financial Services Professional Award. He holds four Master’s degrees and is currently pursuing his Ph.D. in Financial Planning. He regularly contributes to various CPA publications, including NCACPA’s Interim Report, SCACPA’s CPA Report, and VSCPA’s Disclosures. He was also a co-author of the 2018, 2019, and 2020 versions of the Virginia CPA Ethics course – a required course for all CPAs licensed in the Commonwealth of Virginia.
Non-Member Price $100.00
Member Price $75.00