Understanding Apportionment for a Multistate Business 25-26
Webcast Only
2.00 Credits
Member Price $119.00
Non-Member Price $149.00
Overview
Apportionment has never been more challenging. States use different methods and sourcing rules for the same transaction. Become the expert in your office on current issues affecting apportionment, such as the apportionment formulas used by other states. Understand sourcing rules, and most importantly, learn to structure transactions so clients aren’t taxed on the same income in multiple states. Review how apportionment applies to flow-through entities and their owners. Companion Course: Multistate Nexus Requirements
Highlights
- Apportionment Formulas
- Sourcing Rules for service income and income from intangibles
- Throwback and throw-out and when they apply
- Apportionment applied to flow-through entities and sole proprietorships
- Learn about Alternative Apportionment
Prerequisites
None
Designed For
CPAs and tax practitioners who file multistate tax returns.
Objectives
- Become familiar with different apportionment formulas used by different states
- Understand market-based sourcing rules as applied to service and intangible income
- Understand throwback and throw-out concepts and when they apply
- Recognize when transactions might be subject to a double tax
Preparation
None
Leader(s):
Leader Bios
Kathleen Wright, CalCPA Education Foundation
Kathleen K. Wright, CPA, Esq., has been practicing in the field of tax for over 40 years. She has worked in public accounting, private industry as a financial controller, and now has her own practice which specializes in client representation and expert witness assignments. She is also the director of the State and Local Tax Program at Golden Gate University, where she is a full-time professor. Wright is one of three co-authors of the CCH Expert Treatise on State and Local Tax - State Taxation of Income and Other Business Taxes. She also publishes a monthly column in State Tax Notes published by Tax Analysts. She holds a juris doctor degree, a master’s degree in business administration (in taxation), and a master of laws degree (in taxation).
Non-Member Price $149.00
Member Price $119.00