CPAR Taxes  |  Format: Flash

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.

    Catalog Number: CPAR1427-FM
    CPE Credits: 2 Registry / 2 QAS
    Author: CPA Report
    Advanced Preparation:
    Work experience in tax planning or tax compliance, or an introductory course in taxation.
    Course Level: Update
    Field of Study: Taxes
    Content Partner: CPA Reports Online
    QAS: QAS Certified based on 50 minute hours.
    Course Type: Self-Study
    Minimum Passing Grade: 70%
      You are allowed 2 attempts to pass the final exam in a 30 day period. You will be locked out of the final for 30 days after any second failure.
    Soft/Hardware Reqs.:  Adobe Acrobat® Reader for the .pdf files
     56k or Greater Internet Connection
     Modern DHTML Compatible Browser
     Ram: 256 MB minimum
     Sound card with speakers/headphones
     Windows or Mac OS
    Release/Expiration Dates: Nov 30, 2019 / Jan 03, 2021