Course ID: 18906 | Course Duration: 1 Day

Multistate Income Tax: Overview, Planning and Current Developments Training Class

Course ID: 18906

Multistate Income Tax: Overview, Planning and Current Developments Training Seminar

Help Your Clients Save Tax Money and Stay in Compliance With Regulations

Taxes are rarely simple for clients to understand or tackle. Sales and use taxes are no exception, as they can significantly impact your client's bottom line. You need to stay abreast of new ways clients can control the amount of taxes they pay, while keeping up to date with changing legislation. This seminar will provide you with an overview of relevant sales and use tax issues and an in-depth understanding of how to minimize the taxes your clients pay - enroll today!

Avoid penalties for non-compliance by following registration, permit and reporting requirements.
Learn how much taxation power states have and how the U.S. Constitution limits that power.
Come away with effective strategies for reducing state income tax burden for multistate entities.
Claim key exemptions: don't miss any important details that can save your clients money.
Find out if your client is overpaying taxes on interstate transactions, and how to reclaim the money.
Build your industry-specific knowledge so you can tailor your advice to a diversified client base.


	Agenda
	STATE INCOME TAX BASE FOR CORPORATIONS Roger Thompson, 8:30 - 9:45, 10:00 - 11:00 Division of the Tax Base for Multistate Taxpayers Business vs. Nonbusiness Income Apportionment Formulas and Factors How to Apply the Sales, Payroll, Property or Other Factors Apportionment Formulas for Financial Institutions and Other Businesses Unitary Basics Recent Law Changes - Michigan, New York, Texas and Others FEDERAL CONSTITUTIONAL LIMITATIONS ON A STATE'S TAXING POWERS Thomas A. Pucci, 11:00 - 12:00 Level of Activity Required for a State to Tax a Business Public Law 86-272 Recent Decisions Including Economic Nexus UNITARY BUSINESS PRINCIPLE: WHEN DOES A UNITARY BUSINESS EXIST? Akash D. Sehgal, 1:00 - 2:00 Multistate Filing Options Unitary Concepts Determination of a Unitary Business Commonly Owned or Controlled Group Entities California and Oregon's Applications of Unitary Principles MULTISTATE TAXATION OF FLOW-THROUGH ENTITIES Akash D. Sehgal, 2:00 - 3:00 Partnerships S Corporations Limited Liability Companies Unitary Aspects Choice of Taxation Unique Treatment in Specific States Including California and Oregon INCOME TAX PLANNING FOR MULTISTATE ENTITIES: IDEAS FOR REDUCING A COMPANY'S STATE INCOME TAX BURDEN Thomas A. Pucci, 3:15 - 4:40 Unitary Planning Intercompany Add-back Rules What to do Now That Intagible Holding Companies Have Lost Their Luster


	Audience
	This intermediate-level seminar is designed for all attorneys dealing with sales and use taxes, as well as accountants, CPAs, accounts payable professionals and controllers.