This multi-state seminar covers the basics. In just one hour, we'll review the fundamental structure of how sales and use tax works - the Golden Rules. While it won't be a prerequisite, it is a very good basis for any other training that you take.
How sales tax is a tax on the transaction, but use tax is a tax on the use of what was purchased in the transaction. We'll also explain how the two taxes interrelate.
The four loopholes explaining why use tax was invented
What does "use" mean?
The reason there are so many exceptions to sales and use tax laws. And how to deal with the complexity of sales and use tax laws.
The major exceptions to the rule of taxability
The lumping rule
Taxable sales explained
Including sales of service Definition of tangible personal property Definition of a retailer Occasional sales
Two fundamental types of sales and how their taxability varies enormously
Intrastate sales Interstate sales
Why you may have to worry about use taxes in more than one state
How to tell what state has jurisdiction over a transaction
