Do you know where your clients’ businesses have nexus? The rapidly evolving area of multistate taxation should be on the radar of business tax professionals.
DESIGNED FOR
Tax practitioners who have clients working in numerous states.
BENEFITS
- 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.
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 planningPREREQUISITES
Working knowledge of federal income taxation
ADVANCE PREPARATION
None