Multistate Corporate Taxation Self-Study Webinar (10 Hours)

Overview: 

Do you know whether your corporation’s activities cross state boundaries and establish a taxable presence (nexus)? Do you have the protocol in place to review and determine your multistate tax obligations? Do you have the systems in place to manage these obligations and minimize risk? 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 self-study webinar 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
Objective: 

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.

Emphasis: 
  • Nexus rules and limitations on income, franchise and sales and use taxes
    – Evolving nexus standards, including South Dakota v. Wayfair and economic nexus, as well as federal, judicial and legislative efforts
  • Sales tax: general application, exceptions by industry, transaction and customer
  • Situsing and sourcing sales
  • Cloud computing, digital goods and services
  • 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, as well as “special” factors used by some states
  • Handling multistate tax audits
  • ASC 740-10 (formerly known as FIN 48) exposure
  • Planning opportunities to reduce overall tax burden
  • Strategies to prepare for, respond to and reduce the risks associated with state tax audits and notices
  • Amnesty and voluntary disclosure programs

Recognize the current status of states’ ability to tax multistate businesses

Recognize the factors upon which state nexus rules apply

Identify the limitations imposed upon a states’ ability to tax a business

Identify the states’ relative use of a state sales/use tax

Recognize the states’ relative use of state individual income taxes

Identify the states’ relative use of state corporate income/gross receipts taxes

Identify the authority by which a state legislature can enact a state tax

Recognize the court case requiring physical presence for nexus with a state under the due process clause

Recognize the court case denying nexus to a state under the negative commerce clause

Identify the court case establishing that the physical presence tests were applicable to sales and use taxes but not corporate income tax

Recognize states’ position on economic nexus prior to Wayfair

Identify the post-Wayfair role of physical presence in establishing sales/use tax nexus

Identify the type of employment relationships that would generally create sales tax nexus for a company

Recognize the court case that directly led to the enactment of Public Law 86-272

Identify the types of taxes that Public Law 86-272 is applicable to

Identify the court case that determined the type of in-state activity protected under Public Law 86-272

Identify the extent to which the states’ administration of the sales and use tax is uniform

Recognize the methodology used by most states to begin their calculation of state taxable income

Identify the court case giving validity to the unitary business principle in the context of state income taxation

Recognize the way in which the unitary business principle was developed

Recognize the factors behind the concept of a unitary business

Identify the court case that determined that gain from an investment function was not an operational function subject to apportionment

Recognize the court case that determined that worldwide combined reporting was not in violation of the constitution

Recognize the common ownership percentage used by states requiring combined returns for unitary businesses

Identify the types of businesses that are most likely to be found to be inherently integrated and thus not combined with other business lines

Identify the premises regarding business vs. nonbusiness income in the UDITPA
 

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Price: 
$199.00
Prerequisite: 

Basic knowledge of business taxation.

Preparation: 

No advance preparation required.

Level of Knowledge: 

Intermediate.

CPE Credit: 
10.00
NASBA Field of Study: 
Taxes