Multistate Income Tax - Tax Staff Essentials
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(Check-In 8:30am EST)
Virtual
8.00 Credits
Member Price $309.00
Non-Member Price $419.00
Overview
You could pay $0 for this course!
You can conquer the theoretical conundrums and compliance issues caused by the question of whether or not a business has nexus in a particular jurisdiction. Be the one to guide your client skillfully through the maze of multistate corporate tax codes. Rapidly develop a working knowledge of both multistate tax compliance and related planning opportunities. With the rate of change, you can't afford to be out-of-date with your knowledge of this critical tax area. Course materials will include the latest developments regarding the Wayfair decision.This course qualifies for reimbursement through the state’s Workforce Training Express Fund. Firms/companies with fewer than 50 staff can be reimbursed up to 100% of the cost of training and firms/companies with 50-100 employees can be reimbursed up to 50% of the cost of training. You must register for the course and apply for reimbursement through the Workforce Training Express Fund website a minimum of three weeks prior to the start of the course to be eligible. The course code for this program is C-4465. To learn more, click here or contact Julia Ekelund at jekelund@masscpas.org.
Highlights
• Constitutional limits and P.L. 86-272 • Nexus, UDITPA, MTC • Calculation of state taxable income • Filing methods for multistate taxpayers • Apportionment and allocation • Multistate income tax planning • Audit defense strategies
Prerequisites
Experience in corporate taxation
Designed For
Experienced tax professionals and accountants; private industry accounting and finance managers
Objectives
When you complete this course you will be able to: • Describe the key principles of multistate taxation. • Identify the implications of establishing nexus in various taxing jurisdictions. • Analyze client operations and devise strategies that will minimize their client’s overall sales and/or income tax liability. • Recognize the impact recent judicial rulings in various states on client operations. • Determine to what extent the state taxation of internet based transactions may impact current and future client activities.
Preparation
None
Leader(s):
Leader Bios
Crystal Stranger, American Institute of CPAs
Crystal Stranger, EA, author of The Small Business Tax Guide, wanted to help her tax clients who struggled with bookkeeping. She co-founded PeaCounts, a blockchain accounting software company providing easy and automated small business bookkeeping. PeaCounts is tokenizing to build a revolutionary new payroll system using the token PEA. This new, transparent payroll will promote fair wages and eliminate the need for black market labor.
Non-Member Price $419.00
Member Price $309.00