Freda to Speak at Advanced Sales & Use Tax Conference
Hosted by Interstate Tax Corporation, Advanced Sales & Use takes place November 14th and 15th in Stamford, Connecticut. Interstate Tax Corporation, which is now in its 23rd year of doing business, continues to train and update state tax practitioners on how to properly navigate the interstate tax system. The company has dedicated itself to the education of multistate tax professionals in industry, consulting and government through four seminars held in the spring and fall of each year and its publication, Interstate Tax Insights.
Ray will present two topics. Jurisdiction and Nexus covers advanced issues in determining “substantial nexus” for sales and use tax purposes after Quill including the current business practices that cause nexus: drop shipments, advertising, delivery in company-owned trucks, use of independent contractors, unpaid representatives, maintenance of inventory, and occasional visits by employees. He will discuss the consequences of using the Internet to conduct business, voluntarily registering to collect sales taxes and establishing “temporary nexus”. Accounting for Undisclosed Sales & Use Tax Liabilities is a discussion of obligations under FASB Statement No. 5 (FAS 5 or ASC 450) to book appropriate reserves for undisclosed sales and use tax liabilities with focus on the impact of recent SEC orders related to failure to maintain appropriate internal controls and adequately reflect sales tax liabilities for both public and private companies.
Raymond Freda has over 15 years of state and local tax experience in advising clients with respect to income/franchise, gross receipts, sales and use, property, employment, and other state industry-specific excise taxes. He represents corporate and individual clients during state tax audits, conciliation conferences, and other administrative proceedings.
November 14-15, 2013