Multistate Taxation - Tax Staff Essentials
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.
Format
Webcast
NASBA Field of Study
Taxes
Level
Intermediate
CPE Credits
8
Availability
Product Number
VTSEMST250723
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.
Key Topics
- 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
Learning Outcomes
- 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.
Who Will Benefit
- Tax practitioners who have clients working in numerous states.
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