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Multistate Income Tax: Simplifying the Complexities (Simulcast) (11W116-12)

Description

Multistate taxation has become one of the hottest areas in the tax
arena. The recent decline in state revenues and the increased audit
activity by the states means both increased problems and opportunities.
Mastering both the theoretical disputes and the nuts and bolts of
compliance is essential to success. Gain the skills necessary to
navigate through this maze of multistate corporate taxation. Rapidly
develop a working knowledge of both multistate tax compliance and
related planning opportunities. Focus on the essentials of multistate
corporate income taxation as well as the apportionment and allocation of
partnership, LLC and corporate income taxes. Not only solidify the basic
principles but also receive the latest update on nexus concerns, impact
of e-commerce and Internet and other laws, regulations and court cases.
Develop basic approaches to state income tax planning and gain crucial
insight about industry-specific state laws.

Learning Objectives
  1. Understand the key principles of multistate taxation
  2. Assess the impact of the latest nexus issues, laws, regulations and court cases
  3. Identify the effects of multistate activity
  4. Gain insight into state tax laws affecting specific industries
  5. Develop basic approaches to state income tax planning
Major Topics
  1. Income tax nexus, including the constitutional issues; Public Law 86-272; and nexus through attribution, affiliation and agency
  2. Calculation of the state income tax base and conformity to federal taxable income, with special attention paid to state modifications
  3. Discussion of business and non-business income
  4. Uniform Division of Income for Tax Purposes Act (UDITPA) and the Multistate Tax Compact (MTC) with particular attention to its differences with UDITPA
  5. Apportionment issues including the composition of the sales, property and payroll factors
  6. Application of unitary concept and a discussion of the various tests of unity
  7. Filing options including separate, consolidated and combined returns
  8. Other topics, including state taxation of limited liability companies, foreign corporations and intangible holding companies
Course Level
Intermediate
CPE Field of Study
Taxes
8
Prerequisites
Experience in corporate taxation.
Location
Online
Event Information
When
Nov 8, 2012
8:00 am - 3:30 pm EST
Location
Online
Total CPE Credits
8
Format
Webcast Replay

Register for this Event

Multistate Income Tax: Simplifying the Complexities (Simulcast) (11W116-12)


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