Bowers & ASLRRA Webinar Series: Sales & Use Tax: Supreme Court Rulings Effect on Short Lines

In this webinar, Michael Fralix, CPA , reviews the sales tax exposure that the majority of Short Line Railroads will face, and what alternatives they have to ensure compliance.

Sales and use tax laws are complicated. Currently 45 states and thousands of local jurisdictions impose such taxes.  To add to this complexity, each state and local jurisdiction have different laws and regulations defining what products and services are taxable. These challenges have been further complicated by the economic nexus rules resulting from the U.S. Supreme Court decision in South Dakota v. Wayfair.

Presenter

Michael Fralix, CPA, Tax Manager at Bowers & Company CPAs. Reach him at 315-234-1183 or mgf@bcpllc.com.

Bowers & Company CPAs aims to offer helpful information to our clients and friends. Learn more about how we can help should your railroad business need accounting and financial services.

Disclaimer: To ensure compliance with requirements imposed by the Department of Treasury, we inform you any U.S. federal tax advice contained in this document or video is not intended for the purpose of (i) avoiding penalties under the Internal Revenue Code, or (ii) promoting, marketing, or recommending to another party any transaction or matter that is contained in this document.

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Bowers & Company CPAs

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