Available in:

OnDemand Course

Sales Factor: Destination Sales, Dock Sales, Throwback and Throw-Out

Take the guesswork out of the various sales assignment rules and proper state income tax apportionment.

Taxpayers doing business in multiple jurisdictions have to deal with various sales assignment rules that can be challenging to experienced tax experts. This topic will assist you in understanding how to assign sales, when to throwback sales, supporting the decision to no throwback sales and when the throw-out rule applies. This matter is frequently the focus of tax examinations and can result in unplanned tax assessments. Having an understanding of these rules assists taxpayers in properly computing apportionment formulas and provides a foundation for future planning.

96 minutes
Certificate of Completion
Purchase Options

Add to Wishlist

More Program Information

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

Purpose of the Sales Factor

Destination Sales

  • Assignment of Sales
  • Tangible Goods vs. Services
  • Ultimate Destination of the Purchaser
  • Mobile Property

Dock Sales

  • How to Identify?
  • When Do Dock Sales Become an Issue?
  • Can the Sale Be Counted by Two States?

Throwback Sales

  • Taxable in Another State
  • What Is a Throwback Sale?
  • When to Throwback to Your State?
  • Joyce v. Finnigan Rules
  • Burden of Proof
  • Foreign Sales
  • Double Throwback

Throw-Out Sales

  • When Does It Apply
  • Recent Developments
Purchase Options

Add to Wishlist

More Program Information

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 November 13, 2015.

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

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

Purchase Options

Add to Wishlist

More Program Information

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

Paul McGovern, CPA

Paul McGovern, CPA

BDO USA, LLP

  • Senior director in BDO USA, LLP’s Costa Mesa, California
  • Tax auditor for the California Franchise Tax
  • Wrote articles on state taxation that have been published in The Tax Adviser
  • Certified Public Accountant licensed in California
  • Member of the California Society of CPAs and the AICPA
  • B.S. degree, Fordham University, Gabelli School of Business
  • Can be contacted at 714-913-2592 or [email protected]
Purchase Options

Add to Wishlist

More Program Information

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.

Pay once and get a full year of unlimited training in any format, any time!

  • OnDemand Courses
  • Live Webinars
  • MP3 Downloads
  • Course Manuals
  • Executive Reports
  • White Papers and Articles

Additional benefits include:

  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 396638
Purchase Options

Available in Multiple Formats

Purchase this course and learn on your schedule!