CPAR Taxes

CPAR - 2019/December, Seg.01 - Reduce Your Tax Liability: Navigating Apportionment Rules - Part II

Course Overview
Last month we ended Part I of our segment discussing “nowhere income” which is often left “un-taxable.” It is considered a loophole, where multistate corporations with “nowhere income” are not paying corporate tax. In order to remedy that, some states have enacted the so-called throwback and throwout rules, designed to promote full apportionment of income and increase the tax base of states that employ them. Tom Corrie, JD, LL.M., principal and state and local tax practice leader and Alan Goldenberg, JD, MBA, LL.M., principal and member of the state and local tax controversy groups, both with Friedman LLP, review the revenue sourcing and income from the use of intangibles.



Learning Objectives:

Upon successful completion of this segment, you should be able to:

  • Identify the difference between cost of performance and market-based sourcing
  • Determine apportionment factors other than the sales factor;
  • Recognize what constitutes a valid bad debt and if it can be deductible; and
  • Identify the tax implications upon receipt of a gift.


Prerequisites/Advanced Preparation:

Work experience in tax planning or tax compliance, or an introductory course in taxation.

Speaker / Author:

SmartPros Ltd. is a leader in online and offline continuing education for accounting, finance and engineering professionals. With over 2,000 hours of content, SmartPros has been providing mandatory continuing education products since 1981. SmartPros provides services and content to its professional and corporate clients, in a variety of media including Web, CD-ROM, and video. In the accounting market, SmartPros also has a predominant news and information portal which receives 200,000+ visits per month and provides services to over 100,000 subscribers. SmartPros' customers include 50% of the Fortune 500, as well as the major firms and associations in each of its professional markets.

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Price (USD)

Standard: $69.90

Details

Course Code : CPAR1423-FM

Release Date : 12/27/2019
Expire Date : 02/06/2021
Credits :
CPE 2.00
QAS 2.00

Length : 1hr 40min
Course Level : Update
Course Type : Self-Study
Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Taxes


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