As a result of recent declines in revenues, along with increased audit activities, states are becoming extremely aggressive in their tax collection efforts. Advancing technology, coupled with business growth and sales across state lines, has led to greater complexity and increased state efforts to reach out and tax additional business activities. And while multistate taxation has become increasingly problematic, it provides ample opportunities to reduce business taxes and avoid expensive pitfalls.
During this seminar, learn the essentials of multistate income taxation and how the apportionment and allocation of business activities will drive the taxation of the business in each state as well as its overall level of state and local taxation. You will also find out what transactions may be subject to sales or use tax and what jurisdiction may tax it.