Multistate Income Tax (Virtual)  (MST-VIR)

8.00 CPE Credit Hours

You can conquer the theoretical conundrums and compliance issues caused by the question of whether or not a business has nexus in a particular jurisdiction. Be the one to guide your client skillfully through the maze of multistate corporate tax codes. Rapidly develop a working knowledge of both multistate tax compliance and related planning opportunities. With the rate of change, you can't afford to be out-of-date with your knowledge of this critical tax area. Course materials will include the latest developments regarding the Wayfair decision.

Designed For
Experienced tax professionals and accountants; private industry accounting and finance managers

Objective

When you complete this course you will be able to:

• Describe the key principles of multistate taxation
• Identify the implications of establishing nexus in various taxing jurisdictions
• Analyze client operations and devise strategies that will minimize their client's overall sales and/or income tax liability
• Recognize the impact recent judicial rulings in various states on client operations
• Determine to what extent the state taxation of internet based transactions may impact current and future client activities.

Highlights

• Constitutional limits and P.L. 86-272
• Nexus, UDITPA, MTC
• Calculation of state taxable income
• Filing methods for multistate taxpayers
• Apportionment and allocation
• Multistate income tax planning
• Audit defense strategies

Prerequisites
Experience in corporate taxation

Advanced Preparation
None

Developer
AICPA

Presenters
Bruce Nelson, AICPA

Level of Knowledge
Intermediate