Understanding the Apportionment Rules for Service-Based Businesses

Lorman Education Services
Training overview
Professional Course
1.5 hours

Course description

Understanding the Apportionment Rules for Service-Based Businesses

Understanding the Apportionment Rules for Service-Based Businesses

Gain a clearer understanding to stay abreast on special apportionment issues to prevent potential pitfalls. Apportionment of income for state tax purposes is where the rubber meets the road. That is to say, the complex and varied rules for determining a taxpayer’s state income tax apportionment percentage can provide opportunities, with careful planning, for state tax minimization or create traps, without such planning, that lead to multiple taxation. Service-based businesses face particular difficulties in identifying and analyzing the rules applicable to their operations for two reasons. First, state apportionment rules were written several decades ago, at a time when our economy was dominated by the manufacturing of tangible personal property. Thus, these rules focused on the manufacturing industry and were out of touch with service operations. Second, as our economy has shifted its focus to services and e-commerce, states are beginning to revise their apportionment rules to account for differences between the industries. These new rules lack clear guidance thus creating uncertainty for taxpayers. This topic will provide a comprehensive look at particular apportionment issues facing service-based business in order to arm you with the information necessary to structure your operations to take advantage of the opportunities and avoid the traps.

Learning Objectives

  • You will be able to define apportionment concepts and trends.
  • You will be able to describe income-producing activity and market-based sourcing methods.
  • You will be able to explain the distinction between Joyce and Finnigan.
  • You will be able to identify alternative apportionment issues.

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    Who should attend?

    This live webinar is designed for accountants, CPAs, controllers, CFOs, tax managers, tax preparers, finance directors, presidents, vice presidents, accounts payable professionals and bookkeepers.

    Training content

    • Basic Apportionment Concepts
    • What Is Apportionment?
    • Constitutional Limitations
    • Trends in ApportionmentRules for Sourcing Service Receipts
    • Income Producing Activity Method
    • Market-Based Sourcing Method
    • Industry Specific, Hybrid and Other MethodsSpecial Apportionment Issues
    • Service vs. Tangible Personal Property vs. Intangible Property
    • Bundling
    • Personal Service Receipts
    • Unitary Combined Reporting Considerations
    • Economic Substance and Related Tax Doctrines
    • Non-Income-Based Taxes – Franchise, Gross Receipts, etc.

    Costs

    The cost of this Understanding the Apportionment Rules for Service-Based Businesses live webinar is $219 per participant.

    About Lorman Education Services

    Lorman Education Services

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    Contact info

    Lorman Education Services

    Lorman Education Services
    2510 Alpine Road
    54702 Eau Claire Wisconsin

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