April 21, 2021
11:45-1:00
Webinar

 

Agenda:
Networking from 11:45 - 12:00
Presentation from 12:00-1:00

Title: Sales and Use Tax Update

Learning Objectives
1. Basic Principles of Sales Tax 

a. Consumer/End-user VS. Retailer/Dealer 

b. TPP VS. Services 

2. Contractor-Specific Rules & Application 

a. Key Definitions 

b. Types of Contracts 

c. Fabricated Items & Cost 

d. Tax Responsibilities of Contractors (based on contract type) 

i. Subcontractors 

ii. Taxable Services 

iii. Home Service Contracts e. Sourcing and Tax Basis 

i. Discretionary Sales Surtax (Local Tax) 

ii. Contracts Signed Before Rate Change 

3. Public Works Contracts 

a. Non-Governmental Entities 

i. Requirements for Tax-Exempt Entities to Purchase Materials Tax-Exempt 

b. Governmental Entities 

i. Requirements for Governmental Entities to Purchase Materials Tax-Exempt c. Infrastructure for Subdivisions and Similar Improvements 

4. Installation of Tangible Personal Property (that does not become realty) 

a. Total Charge Taxable 

b. Specific Installations Considered Retail Sales 

5. Audit Tips 

a. Documentation

 i. Key Considerations for Sales 

ii. Key Considerations for Purchases b. Annual Resale Certificates

b. Annual Resale Certificates

State Tax Advisors, Melissa Bartimmo & Ryan Epps 

Melissa Bartimmo, J.D., LLM in Tax: Melissa has been practicing in state and local tax since graduating from the University of Houston Law Center in 2011. While based in Texas, her practice has touched on every state and U.S. territory in the course of the past 10 years. She particularly enjoys taking the complexity of state and local taxation and reducing it to plain, simple English

Ryan Epps: Before graduating from Baylor University in 2015, Ryan Epps was already convinced that he wanted to pursue a career in state and local taxation. Ryan particularly enjoys analyzing the transaction tax because of its fact-dependent nature and its application over a wide array of industries. Since the completion of five years in the field, he's taken a further interest in foreign entities entering the U.S. market and has worked with companies in Australia and the United Kingdom. Ryan is seeking to earn his C.M.I. designation at the Institute of Professionals in Taxation by the end of 2021.