Do your corporation’s activities cross state boundaries? If so, don’t wait until your company is audited to deal with the ever-changing morass of state tax laws and administrative policies governing nexus. Advance planning will save your company money, reduce risk and enhance your career opportunities. This fast-paced seminar explores:
- Tax issues that arise from ongoing business operations and corporate reorganizations and dispositions
- How to determine the proper tax liability for each nexus state
- Planning opportunities to minimize your company’s overall state tax burden
To equip CPAs and other tax professionals with a comprehensive overview of multistate tax issues. You’ll gain practical knowledge and planning strategies for dealing with issues involving nexus, consolidated and combined tax returns and all multistate taxes, including income, sales/use, gross receipts, franchise and employment taxes. You’ll examine unitary business and apportionment and allocation issues under state income laws. And you’ll be prepared to structure transactions and businesses to your best tax advantage.
- Nexus limitations on income, franchise and sales and use taxes
- Unitary business doctrine
- Combined and consolidated income reporting vs. separate reporting
-
Business vs. nonbusiness income
– Allocation and apportionment
– Business activity tests - Apportionment factors: sales, property and payroll, “special” factors used by some states
- Sales and use tax issues, including compliance obligations
- Handling multistate tax audits
- FIN 48 Exposure
- Planning opportunities to reduce overall tax burden
