You can conquer the theoretical conundrums and compliance issues caused by
the question of whether or not a business has nexus in a particular jurisdiction. Be
the one to guide your client skillfully through the maze of multistate corporate tax
codes. Rapidly develop a working knowledge of both multistate tax compliance
and related planning opportunities. With the rate of change, you can't afford to be
out-of-date with your knowledge of this critical tax area. Course materials will
include the latest developments regarding the Wayfair decision.
Learning Objectives
- Describe the key principles of multistate taxation.
- Identify the implications of establishing nexus in various taxing
jurisdictions.
- Analyze client operations and devise strategies that will minimize their
client's overall sales and/or income tax liability.
- Recognize the impact recent judicial rulings in various states on client
operations.
- Determine to what extent the state taxation of internet based transactions
may impact current and future client activities.
Major Topics
- Constitutional limits and P.L. 86-272
- Nexus, UDITPA, MTC
- Calculation of state taxable income
- Filing methods for multistate taxpayers
- Apportionment and allocation
- Multistate income tax planning
- Audit defense strategies
