CPAR Taxes

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

Course Overview
For businesses operating across multiple states, it is critical to understand the impact of complex apportionment rules on their overall tax liability. With various state compliance rules on apportionment and lack of uniformity, many taxpayers over or under report their state tax liabilities, exposing them to potentially significant penalties. 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 apportionment rules and their implications.



Learning Objectives:

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

  • Identify the differences between nexus, physical presence and economic nexus;
  • Recognize the importance of looking at the entirety of a taxpayer’s business to determine revenue sourcing;
  • Identify the income apportionment formulas; and
  • Recognize what needs to be included in the sales factor when facing with the so called destination rules, dock sales and drop shipments.

Content Partner:

CPA Reports Online

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.

Software & Hardware Requirements:

  • 56k or Greater Internet Connection
  • Adobe Acrobat® Reader for the .pdf files
  • Modern DHTML Compatible Browser
  • Ram: 256 MB minimum
  • Sound card with speakers/headphones
  • Windows or Mac OS

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Price (USD)

Standard Rate: $69.90

Details

Course Code : CPAR1427-FM

Release Date : 11/30/2019
Expire Date : 01/03/2021
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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