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OnDemand Course

Understanding the Apportionment Rules for Service-Based Businesses

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 identify apportionment origin and rules
  • You will be able to differentiate between apportionment methods.
  • You will be able to identify approaches of cost inclusion.
  • You will be able to identify Nexus implications

Runtime: 90 minutes
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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

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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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 April 18, 2019.

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

  • CPE/NASBA - QAS Self Study 2.2 including Taxes 2.2
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a QAS Self Study 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: 2.2 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Taxes for 2.2 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: QAS Self Study. Please refer to the information in this advertisement 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.
     
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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

Angie Monahan

Crowe LLP

  • Senior manager with Crowe LLP
  • More than thirteen years of public accounting experience and has been with Crowe since 2013, serving in the State and Local Tax Practice
  • Focuses on the multistate taxation of complex business structures and transactions
  • Engages in the design, management and implementation of state income tax minimization strategies and has experience with tax due diligence issues and procedures
  • Frequent speaker and has written numerous publications
  • J.D. degree, Loyola University Chicago School of Law; B.S. degree, Indiana University
  • Can be contacted at 317-706-2613 or [email protected]

Sara R. VanderVeen

Crowe LLP

  • Tax senior manager in the State and Local Tax group of Crowe LLP
  • More than 17 years of progressive experience in federal, multistate and international tax consulting and compliance
  • Works primarily in the firm’s manufacturing and distribution vertical and is the State and Local Tax market leader for the Life Sciences subvertical
  • M.S. degree, taxation; B.B.A. degree, Grand Valley State University; CPA
  • Can be contacted at 616-752-4233 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: 406140
Published 2019
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