Multistate taxation has never been more relevant. This course helps participants skillfully navigate the maze of corporate tax codes across jurisdictions, focusing on interstate activity and nexus, allocation and apportionment, and key court cases. By spotlighting updates on the latest state tax reforms, this course will help participants develop a working knowledge of multistate tax compliance and related planning opportunities.
Learning Objectives
When you complete this course, you will be able to:
- Identify the history of the Multistate Tax Commission and Uniform Division of Income for Tax Purposes Act.
- Distinguish between income tax and sales tax nexus.
- Identify the limitations of Public Law 86-272.
- Identify the most common additions to federal taxable income.
- Identify the most common subtractions from federal taxable income.
- Apply the tests for determining business and nonbusiness income.
- Identify the basic qualities of the three apportionment factors.
Major Topics
- Constitutional limits and Public Law 86-272
- Interstate activity
- Nexus, UDITPA and MTC
- Calculation of state taxable income
- Filing methods for multistate taxpayers
- Apportionment and allocation
- Multistate income tax planning
