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.
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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
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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.
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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
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]
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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.
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