NM Specific

Tax

Live Online

New Mexico Gross Receipts Tax: Fundamentals and Strategies

Credits Available
Credit Status Total
New Mexico CLE Approved 6 Total
CPE for Accountants/NASBA Approved 7 Total
Live Online
6 hours
Timothy Van Valen
James O
With Timothy R. Van Valen from Van Valen State Tax Law, LLC + 2 others

Fri, Jan 15, 00:00 AM – 00:00 PM

Product ID 102889

Register For Course

Course Includes
$389

Live Webinar Registration

OnDemand Recording

Course Book Download

OnDemand content will be available within 7 days of event date.

Overview

Stay in Compliance With Gross Receipts Tax Regulations

Handling the gross receipts tax is rarely simple with its multiple levels of taxation. You need to stay abreast of new ways businesses can control the amount of taxes they pay, while keeping up to date with changing legislation. This online seminar will provide you with an overview of the gross receipts tax, relevant issues and tax strategies. Register today!

  • Avoid penalties for non-compliance by following registration, permit and reporting requirements.
  • Minimize tax exposure by staying current with regulatory changes.
  • Claim key exemptions: don't miss any important details that can save your clients money.
  • Find out if your client is overpaying taxes on interstate transactions, and how to reclaim the money.
  • Build your industry-specific knowledge so you can tailor your advice to a diversified client base.
  • Help clients reclaim lost profits from excessive taxation with detailed knowledge of the process.
  • Let our distinguished faculty be your guide: get answers to your tough questions to expand your knowledge.

Abbreviated Agenda

  1. Overview of Gross Receipts Tax
  2. Gross Receipts Taxation of Manufacturers
  3. Gross Receipts Taxation of Services: Analysis of Relevant Statutes and Regulations
  4. Non-Taxable Transaction Certificates
  5. Gross Receipts Taxation of Construction Services
  6. Gross Receipts Selected Health Care Services
  7. Tax Disputes

Can't Attend Live?

Get the OnDemand Instead

Watch the recording of this event on your own schedule. We'll notify you when its ready.

Related Topics

Product ID 102889

Credit Details

Credits Available
Credit Status Total
New Mexico CLE Approved 6 Total
CPE for Accountants/NASBA Approved 7 Total

Credit Details by Jurisdiction

Live Webinar Registration

CLE Credits
New Mexico CLE Approved · 6 Total Credits

Live - New Mexico CLE - 6: This program has been approved by the Board of Bar Commissioners of the State Bar of New Mexico for 6.0 hours of credit, including 0.0 hour of ethics.

Other Credits
CPE for Accountants/NASBA Approved · 7 Total Credits
  • 7 Taxes

Live - CPE for Accountants/NASBA - 7: NBI, Inc. 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.nasbaregistry.org. This program is designed to qualify for 7.0 hours (based on 50 minute credit hour) of continuing professional education credit for accountants. For more information regarding administrative policies such as complaint, refund and program cancellation, please contact our offices at (800) 930-6182.

OnDemand Video

CLE Credits
New Mexico CLE Approved · 6 Total Credits

Earn Until

OnDemand - New Mexico CLE - 6: This program has been approved by the Board of Bar Commissioners of the State Bar of New Mexico. This program qualifies for 6.0 hours of self-study credit, including 0.0 hour of self-study ethics credit.

Video Download - New Mexico CLE - 6: This program has been approved by the Board of Bar Commissioners of the State Bar of New Mexico. This program qualifies for 6.0 hours of self-study credit, including 0.0 hour of self-study ethics credit.

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CLE
Other

Agenda

All times are shown in

  1. Overview of Gross Receipts Tax

    1. Imposition of Gross Receipts Tax
    2. Definition of Gross Receipts
    3. Exemptions
    4. Deductions
    5. Recent Developments

  2. Gross Receipts Taxation of Manufacturers

    1. Introduction
    2. Double Tax Potential; Overview of Statutory Scheme
    3. Materials Purchases
    4. Subcontracted (Manufacturing) Services
    5. Other Services
    6. Sales of Manufactured Products by Manufacturer
    7. Sale for Resale

  3. Gross Receipts Taxation of Services: Analysis of Relevant Statutes and Regulations

    1. General Rules for Gross Receipts Taxation of Services
    2. Services Performed in State
    3. Services Performed Out of State
    4. Sales of Service for Resale

  4. Non-Taxable Transaction Certificates

  5. Gross Receipts Taxation of Construction Services

    1. Introduction
    2. Taxation of Construction Services: Prime Contractors
    3. Taxation of Construction Materials Suppliers
    4. Taxation of Subcontractors
    5. Sale of Service for Resale
    6. Compensating Tax

  6. Gross Receipts Selected Health Care Services

    1. Health Care Service Provided to Medicare Beneficiaries
    2. Sales of Commercial Contract Services and Medicare Part C Services

  7. Tax Disputes

    1. Generally
    2. Protesting an Assessment
    3. Claims for Refund

Who Should Attend

This intermediate level online seminar is designed for professionals dealing with the gross receipts tax:

  • CPAs and Accountants
  • Attorneys
  • CFOs
  • Controllers
  • Accounts Payable Professionals

Speakers

Timothy R Van Valen
Timothy R.
Van Valen
Van Valen State Tax Law, LLC
BR
Benjamin C.
Roybal
Betzer, Roybal & Eisenberg LLC
James P O'Neill
James P.
O'Neill
O'Neill Consulting LLC
Speaker bio
Timothy R Van Valen

Timothy R. Van Valen

Van Valen State Tax Law, LLC
Timothy Van Valen

is an attorney with Van Valen State Tax Law, LLC, in Albuquerque. His practice has focused almost exclusively on state and local tax matters for large international, national and regional businesses. Mr. Van Valen has substantial experience with most New Mexico taxes, including corporate income, gross receipts and compensating, property, severance, and related New Mexico tax incentives. He has extensive experience addressing federal constitutional limitations and pre-emption of New Mexico's jurisdiction to tax non-New Mexico businesses and income earned outside the United States. Mr. Van Valen represents clients in administrative tax matters, including audits, administrative protests, taxpayer-specific administrative rulings, drafting and commenting on regulations, refund claims, and tax incentive claims in all courts of New Mexico. He also participates in legislative affairs, including drafting of legislation and testimony to legislative committees. Mr. Van Valen contributes to two annually published American Bar Association Tax Section publications, and is co-editor-in-chief of the Property Tax Deskbook. He also publishes articles in Tax Notes State, and is a frequent speaker locally and nationally on New Mexico tax issues. Mr. Van Valen was recently inducted into the American College of Tax Counsel based upon his experience in the national state tax community. He earned his B.S. degree from Kalamazoo College and his J.D. degree from Washington University.

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Speaker bio
BR

Benjamin C. Roybal

Betzer, Roybal & Eisenberg LLC
Benjamin Roybal

is a shareholder in the law firm of Betzer, Roybal & Eisenberg LLC, practicing in the areas of federal, state and local taxation, business formations, business finance, and business sales and acquisitions. Mr. Roybal earned his B.B.A degree from the University of New Mexico, Anderson School of Management, his J.D. degree, cum laude, from the University of New Mexico School of Law and his LL.M. in taxation from New York University. He was an adjunct professor of law at the University of New Mexico School of Law from 1996 to 2004, and has served on various legislative, professional and business committees including the Tax Equity Task Force (1992), Board of Directors State Taxation Section (1993 - 1998), Association of Commerce and Industry’s Taxation Subcommittee (1992 - 1993), and the New Mexico State Legislature’s Horizon Task Force, Professional Tax Study Committee (1994-1998).

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Speaker bio
James P O'Neill

James P. O'Neill

O'Neill Consulting LLC
James O'Neill

is the principal of O'Neill Consulting LLC, a firm focusing on New Mexico tax law and tax policy. He represents private and governmental clients before legislative bodies, building on his 19 years as director of tax policy with the New Mexico Taxation and Revenue Department. Mr. O'Neill is a member both the Association of Commerce and Industry and the Greater Albuquerque Chamber of Commerce, serving as a board member for several years. He is a founding member of the New Mexico Tax Research Institute, serving on its board and for a few years as its secretary. Mr. O'Neill earned his B.S. degree from Fordham University and his M.S. degree from the University of New Mexico.

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What happens if my course is cancelled?
In the unlikely event that NBI cancels or reschedules an upcoming program, each registered attendee will be contacted via email by a representative of NBI. Outreach to attendees begins as soon as NBI is made aware that a program will not move forward at its originally scheduled date and time.
Are multiple attendee discounts available?
Yes, the more people you bring from your organization, the more you save. After the first registration, each additional attendee receives a special discount off of their total tuition.
When will the OnDemand be available and how long will I have access to the content?
The OnDemand Video will be available to stream within 7 days of live broadcast date. You will have access to the content for 6 months in your account. If you’re a subscriber, you’ll have access to your course recordings until 7 days after the expiration date of the subscription.
What is included with my course purchase?
When you enroll prior to the live event date you will receive access to the live-streaming webinar which will allow you to interact with faculty in real-time. With each course, you will receive access to the content via OnDemand Streaming and the Video Download. Course reference materials are included with each course purchase in a downloadable PDF format.
Will I receive a certificate of completion?
Yes, we'll email you a certificate of completion and store in your account for any future reporting needs.
Can multiple people watch courses and request credit?
While only paid registrants can receive continuing education credit for attending, there are no limitations to the number of viewers at each connection.

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