Understanding Apportionment for a Multistate Business 2024
2.00 Credits
Member Price $89
Non-Member Price $119
Overview
Apportionment has never been more challenging. 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 other 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 throw-out and when they apply
- Apportionment applied to flow-through entities and sole proprietorships
- Learn about Alternative Apportionment
Prerequisites
None
Designed For
CPAs and tax practitioners who file multistate tax returns.
Objectives
- Become familiar with different apportionment formulas used by different states
- Understand market-based sourcing rules as applied to service and intangible income
- Understand throwback and throw-out concepts and when they apply
- Recognize when transactions might be subject to a double tax
Preparation
None
Leader(s):
Leader Bios
Kathleen Wright, CalCPA Education Foundation
Kathleen K. Wright, JD, CPA,MBA, LLM (Taxation), is a professor of accounting in the Graduate Tax Program at California State University Fullerton. She has a private tax practice focusing on personal and small business tax planning dealing primarily with California state issues. Ms. Wright has been awarded the Education Foundation’s Instructor of the Year Award, the Outstanding Course Materials award and the Award for Meritorious Service. She is also the author of numerous articles on State and Local Tax issues which have been published in The Tax Lawyer (the SALT edition), The Tax Adviser (published by AICPA), the Journal of State Taxation (published by CCH) and State Tax Notes (published by Tax Analysts) where she serves as a California Correspondent. She is also the author of the California Income Tax Manual 2009 edition published by Commerce Clearing House.
Non-Member Price $119
Member Price $89