A case-based approach to learning about the common errors practitioners make on S corporation tax returns.
Learning Objectives
- Learning Outcomes
- Identify the history of the Multistate Tax Commission and Uniform Division of Income for Tax Purposes Act.
- Distinguish between income tax and sales tax nexus.
- Identify the limitations of Public Law 86-272.
- Identify the most common additions to federal taxable income.
- Identify the most common subtractions from federal taxable income.
- Apply the tests for determining business and nonbusiness income.
- Identify the basic qualities of the three apportionment factors.
