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Multistate Income Tax

Author/Moderator: Bruce Nelson, CPA
Publisher: AICPA
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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 skilfully guide your clients through the maze of multistate corporate tax codes. Rapidly develop a working knowledge of both multistate tax compliance and related planning opportunities. When considering the volatile nature of ever-changing state tax laws, you cannot afford to be out-of-date with your knowledge in this area of taxation.

Topics Discussed
  • Interstate Activity and Nexus
  • Affiliation, Attribution, and Agency
  • Filing Methods for Multistate Taxpayers
  • Apportionment and Allocation
  • Apportionment Formulas and Factors
  • Supreme Court Decisions

Learning Objective
When you complete this course, you will be able to:

  • Understand the constitutional issues that drive nexus decisions
  • Identify the limitations of Public Law 86-272
  • Define nexus through affiliation, attribution, and agency
  • Identify the key arguments surrounding economic nexus
  • Identify the most common additions and deductions to federal taxable income
  • Distinguish deductible from non-deductible state income taxes
  • Learn the key cases defining a unitary relationship
  • Apply the unitary tests
  • Distinguish among separate, consolidated, and combined filing
  • Identify the differences between business and non-business income
  • Recognize the two tests of business and non-business income
  • Distinguish between apportionment and allocation
  • Learn the elements of the payroll factor
  • Identify the computation problems of the property factor
  • Recognize the boundaries of the sales factor

Who Will Benefit?

  • Experienced tax professionals and accountants; private industry accounting and finance managers

Prerequisite: None.

Advanced Preparation: None.

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NASBA Field of Study: Taxes
Level: Intermediate
Recommended CPE Credit: Text - 8; On-Demand - 4.5
Multistate Income Tax
Text , 2014
Product# 732471
Availability: In Stock
AICPA Member:$155.00
Your Price:$193.75
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