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Live Webinar

100-minute live streaming program
  • August 19
  • 1:00 - 2:40 pm EST

Also available as:

OnDemand Course

Understanding the Apportionment Rules for Service-Based Businesses

August 19

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.

Learning Objectives

  • You will be able to review how states apply the cost-of-performance or market-based sourcing rules.
  • You will be able to recognize the data needed to substantiate sourcing positions for financial statement purposes, state tax audits and state tax compliance.
  • You will be able to discuss the state income tax nexus implications arising from the application of the various sourcing rules.
  • You will be able to identify common state income tax compliance faux pas and potential apportionment planning opportunities.

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Why Lorman?

Over 33 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 Market-Based 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
    • Market-Based 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 33 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 December 11, 2018.

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

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

Live Webinar Registration

  • AIPB 2.0
     
  • This program is acceptable for 2.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • CAPP/CAPA
     
  • This is an IAPP qualifying continuing education activity.
     
  • CPE 2.0 including Taxes 2
     
  • Lorman Education Services 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 credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.0 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Taxes for 2.0 hours. Prerequisite: basic knowledge of general accounting. Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     
  • Lorman Business Center, LLC. is a registered provider for CPA CPE through the State Education Department of New York, Sponsor number: 000640. The following course will carry the subject area of Taxation for 2.0 hours.
     

Who should attend?

This live 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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Why Lorman?

Over 33 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

Elil Shunmugavel Arasu

Elil Shunmugavel Arasu

BDO USA

  • Managing Director in the McLean, Virginia office of BDO USA, LLP
  • More than 15 years of state tax consulting experience and consults on all aspects of state income tax, including participating in mergers and acquisition transactions, due diligence reviews, representation on state tax controversy matters, and assisting companies with state tax compliance and ASC 740
  • A regular speaker on state and local topics in Washington, D.C., Virginia and Maryland
  • Member of the Virginia State Bar
  • LL. M. degree, Georgetown University Law Center; J.D. degree, University of California, Hasting College of the Law; B.A. degree in political economy, University of California, Berkeley
  • Can be contacted at 703-336-1652 or [email protected]
Christian J. Burgos, Esq.

Christian J. Burgos, Esq.

BDO USA, LLP

  • State and Local Tax (SALT) Managing Director in BDO USA, LLP's Orange County office
  • A State and Local Tax professional with over 13 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 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); United States Tax Court (Lic. No. 0725); and member of the Institute of Professionals in Taxation (IPT)
  • J.D. and LL.M. degrees in taxation, Loyola Law School, Los Angeles; B.A. degree in political science, University of California, Los Angeles
  • Can be contacted at 714-668-7356 or [email protected]
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Why Lorman?

Over 33 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.

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Product ID: 406714
Published 2018, 2020
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