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Understanding the Apportionment Rules for Service-Based Businesses - Webinar

  • ID: 3841755
  • Webinar
  • 100 Minutes
  • Lorman Business Center, Inc.
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Gain a better understanding of the difference between the various apportionment methods being applied to service revenue and how it will impact overall tax liability.

States are aggressively going after business tax dollars in efforts to overcome their budget deficits. One recent trend being utilized to accomplish this goal is the shift to market sourcing of services and economic nexus. The misapplication of various state apportionment rules can cause taxpayers to over or under report their state tax liabilities. This topic helps taxpayers understand the difference between the various apportionment methods being applied to service revenue and how it will impact their overall tax liability.

Learning Objectives
  • You will be able to describe the difference between costs of performance and market based sourcing methodologies.
  • You will be able to discuss the US Constitutional limitation on apportionment.
  • You will be able to explain why states are shifting towards market based sourcing of services.
  • You will be able to identify market based sourcing implications in economic nexus states.
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Apportionment: What Is It?
  • Origin and Constitutional Constraints
Cost of Performance
  • Comparison of Available Methods
  • What Costs Are Included? Direct and Indirect
  • Specific State Utilization
  • Examples
Market Based Sourcing
  • Outline of the Rules
  • Specific State Utilization
  • Examples
The Intersections
  • Cost of Performance vs. Market Based
  • Same Income Sourced to Two States
  • Economic Nexus Implications
Other Apportionment Considerations
  • States With Different Sourcing Methods by Entity Type
  • Current Trends
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Angie Monahan - Crowe LLP & Sara R. VanderVeen - Crowe LLP
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This webinar is designed for accountants, CPAs, controllers, CFOs, tax managers, tax preparers, finance directors, presidents, vice presidents, accounts payable professionals and bookkeepers.
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