Tax Implications of Drop Shipments Webinar


More and more businesses are establishing processes that eliminate maintaining their own inventory.  Although this can save money for the business, it could be creating other issues related to sales tax and the ability to purchase your inventory exempt for resale.  Drop shipment transactions can provide a number of unique challenges to the sales and use tax practitioner.  This 90-minute webinar taught by Diane Yetter of the Sales Tax Institute will provide you with helpful insights into understanding the sales and use tax treatment of drop shipments and arm you with information to respond to your suppliers and customers who raise issues with sales tax on drop shipments.   

 

 

Learning Objectives Include:

 

  • Identify what is a drop shipment transaction
  • Understand the sales tax challenges with drop shipments
  • Learn different options for exemption documentation
  • Identify which states have special rules based on inventory location and delivery
  • Gain an understanding of the states that require registration to issue a resale certificate
  • Learn which states require tax calculation on a price other than the wholesale price

 

 

Who should attend?
This webinar is intended any business that engages in drop shipments – either as the shipper, the seller or the customer.   Business owners, Finance, Sales and Operations personnel will benefit from the session.  The course is also designed for general practitioners, with minimal to no experience.

 

Additional information
Webinar attendees can earn 1.5 hours of CPE credit in the “Taxes” field of study
Prerequisites: This course requires no prerequisites or advance preparation.
Program Level: Basic
Delivery Method: Group Internet-Based

 

Refunds and Cancellations

If for any reason the Sales Tax Institute cancels a scheduled course, its only liability to registered students is a refund of registration fees received.  In the event that the Sales Tax Institute cancels a scheduled course, students will be notified of the course cancellation at the email address which they provided at the time of registration.  If a student cancels before the deadline, there is a $50 charge. If canceling after the deadline, there is no refund of registration fees. If substituting a course, there is no charge before deadline and a $25 charge after deadline. For more information regarding administrative policies such as complaint and refund, please contact our offices at 312.701.1800.

 

The Sales Tax Institute is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.

 

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