Multi-State Taxation - Tax Staff - Essentials

Description

Multistate taxation has never been more relevant. This course helps you skillfully navigate the maze of corporate tax codes across jurisdictions, focusing on interstate activity and nexus, allocation and apportionment, and key court cases. By spotlighting updates on the latest state tax reforms, this course will help you develop a working knowledge of both multistate tax compliance and related planning opportunities.

Highlights

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

Objectives

  • 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.

Designed For

Tax practitioners who have clients working in numerous states.

Leaders

Joseph Sanford

Joe is currently a commissioner for the Arkansas Tax Appeals Commission, an independent tribunal with tax expertise dedicated to resolving disputes between the Department of Finance and Administration and taxpayers. As a Commissioner, Joe is responsible for hearing cases and rendering decisions. Joe earned a BSBA degree from the University of Arkansas in 1977 with a major in accounting and a minor in computer sciences. Joe is a Certified Public Accountant and a Member of the Arkansas Society of CPAs (ARCPA). Joe retired after a 44-year career in public accounting as President and CEO of Sanford & Company, CPAs. Early in his career, he was an audit manager in a large CPA firm in Fort Smith, Arkansas. While involved in all aspects of his accounting firm, he focused on estate planning, litigation support, management consulting and technology consulting. Soon after his retirement in 2021, he was appointed a Commissioner for the Arkansas Tax Appeals Commission by Governor Hutchinson. At various times during his career, Joe served as a Director of the ARCPA, Chair of the ARCPA Ethics Committee, Continuing Education Committee, and Peer Review Committee, and as a member of the ARCPA Legislative Committee. Joe was also a member of the AICPA Ethics Committee and served as president of the Western Arkansas Estate Planning Council and the Western Arkansas Chapter of the ARCPA. For nearly 20 years, Joe has served as a moderator for various tax, accounting, technology, and ethics continuing education seminars for CPAs, and was named ARCPA Discussion Leader of the Year for 2012 and 2016. Joe has taken great pleasure in volunteering his time and expertise to local non-profit organizations that are focused on assisting children, either by providing emergency shelter or by providing quality education. Joe is married to Kathy (46 years). They have two sons, two granddaughters, and three grandsons.