Episode 29

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Published on:

12th Aug 2021

U.S. State and Local Tax for Foreign Companies

In this episode, Judy Vorndran and Stacey Roberts, from TaxOps’ SALTovation Team, talk about what foreign entities or companies should keep in mind as they do business in the U.S. such as filing duties and nexus triggers that states can impose.

 


What You Will Discover:


  • [01:20] Why states don’t have to follow the U.S. treaties for income tax and sales tax


  • [03:37] How to comply when states request a copy of federal income tax return


  • [04:34] Other non-income based taxes don’t have treaty protection

 


Quotables:


  • “Just as a reminder, right, treaties are income tax only. And it’s maybe not quite half, maybe over a half of the states actually do not follow treaties, which might be a surprise.” - Stacey Roberts [03:20]


  • “You can never really count on looking at our federal government when you are deciding to do business in America and think you’re one and done. ‘There’s a treaty, and I have nothing else I have to do in America.’” - Judy Vorndran [06:27]



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Production Support

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

Mentioned in this episode:

Sales Tax Nerd

Are you a Sales Tax Nerd? Do you feel alone in your work? Do others understand what you deal with on a daily basis? Are you looking for your “people”? You need to check out The Sales Tax Nerd Community! It brings together helpful resources, ongoing training, and camaraderie. With free webinars, on-demand courses, and quarterly Office Hours with the original Sales Tax Nerd, Diane Yetter, you’re never short on accessible information and relief from the chaos of sales tax. Get your toughest questions answered by knowledgeable members of the community. Network with peers, access exclusive content, get discounts on our live courses, and gain over 28 CPE credits each year. Click the Sales Tax Institute link in the description, and use the code SALTOV10 for 10% off your membership today! https://www.salestaxinstitute.com/sales-tax-education/sales-tax-nerd-community-membership

Tax Nerd

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.