Thursday, January 14, 2021
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 With the rate of change, you can't afford to be out-of-date with your knowledge of this critical tax area.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.
Identify 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.
ú Constitutional limits and P.L. 86-272ú Nexus, UDITPA, MTC ú Calculation of state taxable income ú Filing methods for multistate taxpayers ú Apportionment and allocation ú Multistate income tax planning ú Audit defense strategies