September 21, 2023


Webcast

AND

In-Person

COCPA Education Center OR via Webcast
7887 E Belleview Ave, 201, Englewood, Denver County, Colorado 80111


8 CPE

Texas & Colorado Sales and Use Tax

September 21, 2023
In Person + Online
8 CPE

Texas & Colorado Sales and Use Tax

  • Instructor

    Gordon
    Martens

  • View Bio

    Instructor

    Stephen
    Metz

    View Bio

Learning Objectives

  • Determine whether transactions are subject to sales tax, subject to use tax, exempt, or nontaxable
  • Identify key sales and use tax terms and the corresponding definitions
  • Ascertain whether a taxpayer location requires a sales tax permit
  • Identify the types of governmental entities that impose sales and use taxes
  • Determine the amount of sales tax that applies to a transaction
  • Differentiate between taxable and nontaxable services
  • Identify common issues that arise during sales and use tax audits
  • Identify the date that remote sellers must obtain permits and collect sales and use tax

Major Topics

8:30: Texas Sales and Use Tax Overview

  • Taxable Goods & Services
  • Registration, Permit, and Reporting Requirements
  • Common Mistakes

9:45: Multi-state Tax Issues

  • Economic Nexus
  • Multi-state Exemptions
  • Internet Sales

10:20: Taxable Services

  • Categories of Taxable Services
  • Common Rules for All Taxable Services
  • Multi-state Allocation and Use Tax
  • Commercial & Real Estate Property Construction
  • Oil & Gas Industry

11:15: Texas Sales & Use Tax Exemptions

  • Resale
  • Manufacturing
  • Gas & Electricity
  • Export
  • Others

11:45: Contesting Audits

  • During the Audit
  • Administrative Hearings

12:00: Lunch provided for in-person attendees

12:30: Overview of Colorado Sales & Use Tax

  • Basic Concepts of Colorado Sales & Use Tax
  • Sales Tax
  • Use Tax
  • Taxable Goods
  • Taxable Services
  • Tax on Leases
  • Drop Shipments
  • Home Rule Jurisdiction
  • Use Tax

2:40: Exclusions and Exemptions

  • Overview
  • Software
  • Sales to the Government and Nonprofits
  • Biotechnology, Medical Devices, and Clean Technology Research & Development
  • Manufacturing Machinery & Equipment
  • Expanded Definition for Enterprise Zones
  • Casual Sales
  • Sale of a Business
  • Maintenance Agreements

CPE Credits Available

8 CPE
8
Taxes

COCPA Education Center OR via Webcast

7887 E Belleview Ave, 201, Englewood, Denver County, Colorado 80111

Get Directions

Things to Know About This Course

Course Level

  • Basic

Professional Area of Focus

  • Tax

Prerequisites

None

Advanced Preparation

None

Intended Audience

Anyone who might do business in both Texas and Colorado and benefit from a better understanding of the Sales and Use tax in these states.

Provider

LAT Seminars

This event has ended.