Episode 21

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Published on:

10th Jun 2021

Economic nexus and safe harbor in the Windy City

In this episode of the SALTovation podcast, Judy Vorndran and Alexander Korzhen, from TaxOps’ SALTovation Team, talk about Chicago’s informational bulletin that defines economic nexus and safe harbor for businesses that conduct business in the Windy City.

 


What You Will Discover:


  • [00:29] Chicago’s Information Bulletin – Nexus and Safe Harbor


  • [03:06] The potential retroactive enforcement


  • [05:39] What the city will consider on a case by case basis for nexus


  • [08:35] Next point of analysis for Chicago: sourcing

 


Quotables:


  • “But the fact that it could have a retroactive effect on your registration, I think like you said it’s a trap, but it’s also what I think a lot of people misapprehend about registrations in general. They throw them out there. They fill them out. They get it done ‘cause they want to move forward. They don’t want to look at the past, but then what happens is the government can look at the past.” - Judy Vorndran [04:17]


  • “I think what we’re hearing is that the city has taken a reasonable approach to wanting to earn prospective taxpayers, right? So we don’t know yet how they’re going to enforce this, but the way that this is written seems like they can enforce it harshly. Whether they will chose to or not is not clear.” - Alexander Korzhen [06:32]

 


Relevant Links:



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Production Support

This episode was produced with support from Truth Work Media. www.truthworkmedia.com

Mentioned in this episode:

Advanced Sales and Use Tax Workshop

Take your sales tax to the next level at Advanced Sales and Use Tax Workshop, February 19-21 in Nashville. Diane Yetter and the Sales Tax Institute’s industry-leading faculty provide individualized training, valuable resources, and practical solutions. Expand your network and earn 23 CPE credits. Visit the link in the show notes and use the code SALTOV10 for 10% off. Save your spot now!" https://keap.page/xp141/saltovation-podcast.htm

Use Tax Workshop

SALT Contact

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About the Podcast

SALTovation: Making Sense of State and Local Tax
Welcome to SALTovation. The SALTovation show is a podcast series featuring the leading voices in state and local tax (SALT). Here we talk about issues, strategies, and planning tools to help you make sense of SALT. Because, in SALT, there is no “one and done.” SALT is a puzzle of ever-changing pieces. Solving that puzzle is our business at SALTovation. Tens of thousands of listeners know they won't get tax talk as usual with the SALTovation team. Our team is known for straight-talk with a flair for fun, providing clarity and opinions that move businesses forward with confidence.

Attorney, CPA, speaker, and writer Judy Vorndran leads the SALTovation team as they go inside business to help deal with the daily operations and long-term strategies of making SALT less “taxing.” Judy has spent more than 25 years advocating for businesses with innovative strategies, renowned knowledge and experience. She has helped guide thousands of taxpayers across the nation and globally through the morass of SALT, freeing them to concentrate on growth. Joining Judy are the wickedly smart members of the SALTovation team, who have seen, worked with and tamed some of the most prickly issues in SALT. They enjoy sharing their stories and knowledge with listeners.

Solving the SALT puzzle doesn’t happen in a vacuum; it takes a community. So, we invite leaders in business and state and local tax to share their stories, challenges and successes on this show. Drop us a line at SALTovation.com if you'd like to join the conversation and tune into our regular series at TaxOps.com.