Multi-State Taxation - Tax Staff Essentials

Do you know where your clients’ businesses have nexus? The rapidly evolving area of multistate taxation should be on the radar of business tax professionals.

Tax practitioners who have clients working in numerous states.

• 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.
• Determine the components of the traditional Massachusetts formula.

• Constitutional limits and Public Law 86-272
• Interstate activity
• Nexus, UDITPA and MTC
• Calculation of state taxable income
• Filing methods for multistate taxpayers
• Apportionment and allocation
• Multistate income tax planning

Working knowledge of federal income taxation