- NY Credits : 9.0
- TX Credits : 9.0
This course is suitable for any tax practitioner who wants to know more about state and local income taxation. This course first focuses on nexus issues and the ability of different states to assess a tax on companies doing business in their states. It provides in-depth information about Supreme Court cases that have defined the rules in this area. The course also concentrates on state level adjustments to the federal tax base. Finally, the course defines the basics of allocation and apportionment and the concept of the unitary business. This intermediate level course is most appropriate for the professional with detailed knowledge in [course topic] or the professional seeking to expand his or her knowledge base and who may be at a mid-level position within an organization with operational or supervisory responsibilities, or both.
Upon successful completion of this course, the user should be able to:
recognize right to tax,
identify tax formula and federal corporate tax base,
identify state adjustments, and
recognize division of the tax base.