Most nonprofit organizations have responsibilities for state and local sales tax and other taxes, even if the federal income tax exemption removes state income tax liability. The U.S. Supreme Court's recent ruling in the WAYFAIR case adds to the importance of staying on top of this area, now. We will also discuss state Unclaimed Property remittance laws and other state filing requirements.
identify the multistate perspective of how state and local sales taxes apply to a nonprofit organization's purchases and sales
Assess how the U.S. Supreme Court's Wayfair ruling may create multistate sales tax filing requirements for nonprofit organizations
Apply state Unclaimed Property laws and other state filings