DESCRIPTION
This module gives the students an opportunity to learn the essentials of multistate income tax reporting. There’s a discussion of the general rules for allocating income to a state and discussion exercises. The module culminates with a comprehensive state apportionment case study.
LEARNING OBJECTIVES
- Identify the historical laws and court cases related to state apportionments.
- Describe methods for apportioning income for multistate entities.
- Define methods of sourcing sales including the market-based sourcing rules.
- Calculate a multi-state income apportionment.
- Describe state treatments of pass-through entity (PTE) tax.
