November 3, 2023

Webinar

2 CPE

Webinar (CA): Understanding Apportionment for a Multistate Business 2023

November 3, 2023
Webinar
2 CPE

Webinar (CA): Understanding Apportionment for a Multistate Business 2023

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    Instructor

    Kathleen
    Wright

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    Kathleen Wright, JD, LLM, CPA

    Bio

    Kathleen K. Wright, CPA (Retired), Esq., has been practicing in the field of tax for over 50 years. She has worked in public accounting, private industry as a financial controller, and now has her own practice which specializes in client representation and expert witness assignments. She is also the director of the State and Local Tax Program at Golden Gate University, where she is a full-time professor. Wright publishes frequently, column in State Tax Notes (published by Tax Analysts) where she serves on the Editorial board, She holds a juris doctor degree, a master’s degree in business administration (in taxation), and a master of laws degree (in taxation).

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

CPE Credits Available

2 CPE
2
Taxes

Things to Know About This Course

Course Level

  • Overview

Prerequisites

None

Advanced Preparation

This webinar is produced by CalCPA. You will receive your login link/instructions and Certificate of Attendance directly from this third-party vendor. It is important that you review your COCPA confirmation for details on receiving your login instructions and COA from said vendor.

Intended Audience

CPAs and tax practitioners who file multistate tax returns.

Provider

California CPA Education Foundation

This event has ended.