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Basicsformultistatetax bingham

BASICS OF APPORTIONMENT AND ALLOCATION OF INCOME FOR MULTI-STATE INCOME TAXES

Cost Free   CPE Credits 1.0 hour   Subject AreaTaxes  Course LevelBasic  Instructional MethodGroup Internet Based  PrerequisitesNone  Advanced PreparationNone  Who should attend? CFO / Controller
CPA - small firm
CPA - medium firm
CPA - large firm
Other
Small Business Owner 
Course Description

Companies operating in multiple states may apportion and allocate their income for purposes of taxing it, a processes that is intended to divide the income among taxing states like one might divide a pie. While apportionment and allocation can be intimidating, this presentation attempts to make it easier to digest for CPAs working for companies with locations, employees, and sales in multiple states and also for those CPAs advising such client companies.

Learning Objectives

  • Learn about the allocation of income.

  • Learn about the apportionment of income using three-factor apportionment, property,payroll, and sales.

  • Consider the overlays of the Uniform Division of Income for Tax Purposes Act (UDITPA) and the Commerce Clause of the United States Constitution.

  • Examine how the apportionment and allocation for example companies are computed.

Testimonials

"Well presented and lots of content."

"Great overview."

"Very informative."

Mark A Loyd, CPA

Bingham Greenebaum Doll
Partner and Chair, Tax & Finance Group
mloyd@bgdlegal.com
(502) 587-3552

Bingham Linkedin

Mark's areas of practice concentration are state, local and federal tax controversy resolution, litigation and planning.

Mark’s practice includes acting as an advocate for clients in resolving disputes with state and local tax authorities (e.g., Kentucky Department of Revenue, Louisville Metro Revenue Commission, etc.) as well as federal administrative agencies including the Internal Revenue Service (IRS), the Alcohol and Tobacco Tax and Trade Bureau (TTB), and the U.S. Department of Agriculture’s Commodity Credit Corporation.

He has counseled and advocated for clients with issues involving state and local income, gross receipts, sales and use, property, franchise/license and various excise taxes (e.g., cigarette, other tobacco products, motor fuel, motor vehicle, U-Drive-It, etc.) as well as federal income and excise taxes.

Mark also has experience working in industry where he managed the state and local tax and federal excise tax planning and audit defense functions of a multi-billion dollar manufacturing concern.

Handout Materials
Presentation Slides
Frequently Asked Questions
  • To receive CPE credit for the event, you must register for the webcast prior to the start of each program.
  • CPE is available to all eligible participants within 24 hours of each webinar.
  • Multiple attendees: In order to receive CPE for multiple attendees, ensure that at least one person signs up for the webinar. At the completion of the webinar a proctor form is provided. Alternatively, you may also login to your account following the webinar and click on the MY ACCOUNT button where you will find a link to the proctor letter.

Nasba

NASBA Approved

CPAwebengage, Inc. (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

CPAwebengage Inc. 1857. W 34th Ave, Denver, CO 80211