December 8, 2023


Live Webcast


8 CPE

Multistate Tax Update (in collaboration with the FICPA)

December 8, 2023
Live Webcast
8 CPE

Multistate Tax Update (in collaboration with the FICPA)

Learning Objectives

<liUnderstand changes in state statutes, regulations and case law</font
</li<liDetermine how the states will treat changes under the Tax Cuts and Jobs Act</font
</li<liIdentify areas that may require additional attention for state tax planning purposes</font
</li<liIdentify areas that may be costly for employers or clients</font
</li<liUnderstand the “who, what, when, and where” of nexus for income and sales tax</font </li</ul</ul
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 </div

Major Topics

<liThe domicile dilemma: Issues for individuals with homes in multiple states; traveling employees; where to withhold?</font
</li<liEmerging sales tax topics: Elimination of the physical presence standard in determining nexus (Wayfair case); economic nexus for remote sellers; assisting remote sellers in determining a plan of action in states that enforce economic nexus</font
</li<liEmerging compliance issues in the new sales tax economy</font
</li<liIncome Tax (and other forms of tax): Economic nexus (taxation without physical presence)</font
</li<liWill states shift away from income tax and increase reliance on sales tax after Wayfair?</font
</li<liTreatment of Tax Cuts and Jobs Act by the states: Attributional and agency nexus; presence of intangible property; is P.L. 86-272 still valid?</font
</li<liIncome-tax apportionment issues: Prevalence of the single sales factor; determining the type of property being sold; sourcing of income from intangible property and services; sourcing of service income; Market Based versus Cost of Performance</font
</li<liPass-through problems: Nexus issues for interest owners</font
</li<liTreatment of the 199A deduction for pass through entities by states: Withholding issues; sourcing of income; taxation at the entity level</font
</li<liPractical considerations in dealing with multistate taxation: Dealing with state nexus questionnaires</font
</li<liWhen to consider voluntary compliance: Responsibility of officers, members, partners, and shareholders; planning ideas and opportunities; updates on pending federal legislation relative to state tax</font </li</ul</ul
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CPE Credits Available

8 CPE
8
Taxes

Things to Know About This Course

Course Level

  • Intermediate

Professional Area of Focus

  • Tax
  • Taxation

Prerequisites

Experience in corporate taxation

Intended Audience

Accountants who want an update on current multistate tax issues to minimize clients’ potential state and local tax liability

Provider

*Maryland

This event has ended.