Understanding Apportionment for a Multistate Business

Course Details

Date

Friday, October 22, 2021

9:00am – 12:30pm (Registration: 8:30am)

Location

Online

Field of Study

Taxation

CPE Credit

4 hours CPE credit

Level of Knowledge

Overview

Vendor

CalCPA

Prerequisites

None.

Description

Apportionment has never been more difficult. 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 different 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.

Highlights

  • Apportionment Formulas
  • Sourcing Rules for service income and income from intangibles.
  • Throwback and throwout and when they apply.
  • Apportionment applied to flow-through entities and sole proprietorships.

Objectives

  • Understand the importance of tax accounting methods in financial reporting, tax compliance and planning.
  • Understand how to identify "small businesses" including the application of the rules on tax shelters and aggregation of gross receipts, and the favorable methods available to small businesses.
  • Determine when both cash and accrual method taxpayers report income and claim deductions.
  • Distinguish between method changes, changes in facts and errors; learn how to make a method change.
  • Understand the special rules for inventory and method changes.
  • Identify when interest capitalization and long-term contract accounting may apply.

Designed For

CPAs and tax practitioners who file multistate tax returns.

Registration for this course has passed.

Course Pricing

WYOCPA Member Fee
$149.00

Non-Member Fee
$199.00

Your Price
$199.00

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