Apportionment has never been more difficult. 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 different 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.
Learning 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
Major Topics
• 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
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