• Constitutional limits and Public Law 86-272
• Interstate activity
• Nexus, UDITPA, and MTC
• Calculation of state taxable income
• Filing methods for multi-state taxpayers
• Apportionment and allocation
• Multi-state income tax planning
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.
• Determine the components of the traditional Massachusetts formula.
Major Topics
• Constitutional limits and Public Law 86-272
• Interstate activity
• Nexus, UDITPA, and MTC
• Calculation of state taxable income
• Filing methods for multi-state taxpayers
• Apportionment and allocation
• Multi-state income tax planning
