Top Recent State Corporate Income Tax Cases: Nexus, Business Income, Combined Reporting, and Apportionment

About the Course

Introduction

This course will provide tax professionals with an instructive review of the top recent state corporate income tax cases. Our panel will discuss SALT cases spanning substantive areas, including nexus, apportionment, non-business income, the tax base, sales factor sourcing, and unitary combined reporting.

Description

Every year state tax auditors launch thousands of state corporate income tax audits. The audits focus on various substantive areas, including nexus, PL 86-272, business/non-business income distinctions, apportionment, sales factor assignment, the unitary business concept, and combined reporting.

The panelists selected recent SALT cases to review for their educational value and significance and include examples from California, New York, and many states in between.

Listen as our expert panel analyzes and dissects the most significant state corporate income tax cases that were not settled and proceeded to a litigated decision issued recently.

Credit Information

BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.

Date + Time

event
Thursday, October 24, 2024
schedule
1:00 p.m. ET./10:00 a.m. PT

Summary of the case selection process
Top nexus/PL 86-272 cases
Top apportionment cases
Top combined reporting cases
Top tax base cases
Top overall cases

The panel will discuss these and other essential questions:

Potential reasons why these cases were litigated and not settled
Key facts in the cases that were determinative of the outcome
Trends to derive from these cases
Lessons from the cases concerning meeting the burden of proof
Audit and state tax controversy tips from the cases

Learning Objectives

After completing this course, you will be able to:

Understand top nexus/PL 86-272 cases and their application
Recognize business vs. non-business income
Identify advantages and requirements related to combined reporting
Discern how apportionment is made among the states
Recognize sales factor sourcing

Field of Study: Taxes
Level of Knowledge: Intermediate
Advance Preparation: None
Teaching Method: Seminar/Lecture
Delivery Method: Group-Internet (via computer)
Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
Prerequisite: Three years+ business or public firm experience preparing complex tax forms and schedules, supervising other preparers or accountants. Specific knowledge and understanding of pass-through taxation, including taxation of partnerships, S corporations and sole proprietorships, qualified business income, net operating losses and loss limitations; familiarity with net operating loss carry-backs, carry-forwards and carried interests.

BARBRI, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of Accountancy have final authority on the acceptance of individual courses for CPE Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.

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