Sales and Use Tax in Kentucky
1 hour 40 minutes
Learn detailed information on sales and use tax rules and regulation in Kentucky.
Over the past several years, Sales and Use Tax in Kentucky has become one of the most complex areas of Kentucky’s tax system given the lack of clarity or guidance on key topics, multitude of exemptions and exclusions from the tax, advancements in technologies and traditional processes, and significant administrative and judicial decisions which have continued to cause headaches and uncertainty for individual and corporate taxpayers. And it recently got even more complicated after Kentucky passed sweeping tax reform legislation and other significant changes the past few years. This live topic will not only provide you with needed knowledge for how Kentucky’s Sales and Use tax system works, a better understanding of the “gray” areas of the law, and tips on how to prepare for and be successful during and after an audit, but also explain all of the substantial changes made to Kentucky’s tax code since 2018 to the present, including Sales and Use Tax with the expansion to many services, removal of certain exemptions/credits/deductions, remote seller and marketplace provider provisions after Wayfair, as well as significant changes to Kentucky’s tax administration and tax policies, and long-awaited guidance for several technology-based industries. This information is critical for all companies with business activities in Kentucky or Kentucky customers, and all accounting and tax professions advising such companies, including a company’s controller, tax and accounting director, and CFO.
• You will be able to discuss potentially significant changes to Kentucky’s tax code, especially for sales and use tax purposes, with Kentucky tax reform on the horizon.
• You will be able to identify hot button issues and terms in Kentucky sales and use tax.
• You will be able to recognize taxable and nontaxable events, transactions and property.
• You will be able to review sales and use tax audit workpapers, notices and KDOR verbiage.