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Understanding the Apportionment Rules for Service-Based Businesses

Gain a better understanding on the importance of proper revenue sourcing and the special apportionment rules for service-based businesses.

The sourcing rules adopted by the various states are far from uniform, and states have been challenged to keep pace with the exponential growth of service-oriented enterprises, especially in the technology sector. This topic will discuss the various sourcing rules currently adopted by states and practical application to several common industries, including personal and professional services, technology, including cloud-computing enterprises such as Software-as-a-Service, and how to source revenues from the licensing or use of intangibles. We will also address some unique situations and what types of contemporaneous documentation are helpful in an audit.

99 minutes
Certificate of Completion
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

The Importance of Proper Revenue Sourcing

  • Trends in State Legislation
    • Correlation Between MarketBased Sourcing and Greater Weighted Sales Factor Apportionment Formulas
  • Economic Nexus

Dichotomy of Sales Factor Sourcing

  • Costs-Of-Performance (COP) vs. Market-Based Sourcing
    • COP: Significance and Relevance
    • MarketBased Sourcing
  • Substantiation of Methodology

Special Apportionment Rules

  • Special Industries - Financial, Transportation, Media and Entertainment, Advertising
  • Transactions, Gain, and Income From PTEs
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on January 11, 2024.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Christian J. Burgos, Esq.

Christian J. Burgos, Esq.

Marcum LLP

  • State and Local Tax (SALT) Partner with Marcum LLP in New York and California, and Co-Leader of the National SALT practice at Marcum LLP
  • A State and Local Tax professional with over 16 years of experience advising business and individual clients in multistate tax matters, which include, but are not limited to, multistate income/franchise and sales and use tax compliance, nexus analyses, apportionment studies, state tax provisions, restructurings and mergers and acquisitions
  • Has extensive experience representing business and individual clients before multistate taxing authorities in tax examinations and administrative appeals processes
  • Has also advised clients on a broad array of federal and state credit and incentives opportunities, with a primary focus on California state credits
  • Presently sits as an adjunct faculty member with California State University, Fullerton, where he teaches State and Local Taxation as part of the University’s Master of Science in Taxation (MST) program
  • Written several articles on topics on state corporate income and franchise taxation for trade periodicals, such as the AICPA’s The Tax Advisor
  • Memberships include The State Bar of California (Lic. No. 250741); and the United States Tax Court (Lic. No. 0725)
  • Is a Certified Member (CMI) of the Institute of Professionals in Taxation (IPT) in State Income Taxation (CMI No. 046) and Sales Taxation (CMI No. 1185)
  • J.D. and LL.M. in Taxation from Loyola Law School, Los Angeles; B.A. in Political Science from the University of California, Los Angeles
  • Can be contacted at 332-216-0760 or [email protected]
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman

All of your training, right here at Lorman.

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Product ID: 411123
Published 2024
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