Multistate Corporate Taxation Webinar
Overview
Multistate taxation continues to evolve as states expand economic nexus standards, refine sourcing and apportionment methodologies, modify pass-through entity tax regimes, and increase enforcement activity following Wayfair and other significant developments. This course provides a practical overview of the key multistate tax concepts affecting businesses operating across jurisdictions, including sales and use tax, corporate income and franchise tax, pass-through entity tax elections, and audit and planning considerations. You’ll unlock:
- Constitutional and statutory nexus developments affecting multistate tax exposure and compliance
- Key sales tax, income tax, apportionment, and P.L. 86-272 considerations for multistate businesses
- Practical approaches to audit defense, PTET planning after OBBBA, financial reporting considerations, and multistate tax risk management strategies
This course qualifies for IRS Continuing Education Credit.
Objective
To provide CPAs and other finance professionals with a practical understanding of multistate taxation principles and recent developments, enabling them to evaluate nexus, apportionment, compliance obligations, audit exposure, and planning opportunities affecting businesses operating across multiple jurisdictions.
Emphasis
- Nexus: constitutional foundations and post-Wayfair economic nexus
- Marketplace facilitator laws and economic nexus developments after Wayfair
- Sales and use taxes: economic nexus thresholds and marketplace facilitator laws
- Gross receipts taxes, including the Ohio CAT, Texas Margin Tax, Washington B&O Tax, and Oregon Corporate Activity Tax (CAT)
- Corporate income/franchise tax:
○ Unitary business doctrine
○ Business vs. non-business income
○ Allocation and apportionment - P.L. 86-272: MTC revised statement and internet activity guidance
- Pass-Through Entity Tax (PTET) elections: post-OBBBA planning
- Financial reporting and state tax provision considerations
- Audit defense
- Planning opportunities
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