Understanding Apportionment for a Multistate Business 25-26
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
Notice
This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by CalCPA (calcpa@calcpa.org). Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.
Non-Member Price $129.00
Member Price $99.00