Multistate taxation has never been more relevant. This course helps you 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 you
develop a working knowledge of both multistate tax compliance and related planning
opportunities.
DESIGNED FOR
Tax Practitioners with Corporate taxation Experience who have clients Working in numerous states.
BENEFITS
- dentify 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.
HIGHLIGHTS
- 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
PREREQUISITES
Experience in federal income taxation
ADVANCE PREPARATION
None