This seminar is designed for accountants, tax managers, controllers, enrolled agents, CFOs and officers for businesses who have sales in more than one state.
State and local tax is complicated on its own, but are you able to serve clients who need advice and assistance with interstate transactions?
Join us at this seminar, where faculty will instruct you on:
Income Taxation Of Multi-State Businesses
Sales And Use Tax
Individual Multi-State Tax
Administrative Practice Before The Virginia State Tax Commission
8:30 a.m. - 8:45 a.m.
A. Taxation Of Corporations
B. Taxation Of Individuals
C. Approach To State Tax Issues
3. Court Decisions
8:45 a.m. - 10:00 a.m.
II. Nexus Standards
A. Constitutional Nexus All Taxes
1. Due Process Clause
2. Commerce Clause
B. Statutory Nexus Income Taxes
1. Public Law 86. -272
2. Wrigley vs. Wisconsin (1992 U.S. Supreme Court)
3. Multi-State Tax Commission Practices
4. Activities Which Cross The Statutory Nexus Line
C. Administrative Nexus
1. Attributional Nexus
2. Cases, Rulings, Administrative Pronouncements
3. Registering, Qualifying And Nexus Questionnaires
D. When Nexus Ceases
1. Ceasing Operations
10:00 a.m. - 10:10 a.m.
10:10 a.m. - 11:00 a.m.
III. Overview Of Property Taxation In
A. Personal Property
B. Real Property
11:00 a.m. - 12:00 p.m.
IV. Income Taxation Of Multi-State
A. Business And Nonbusiness Income
B. Income Adjustments For State Income Tax Purposes
C. Allocation And Apportionment Methods
D. Unitary Business Concept
E. Combined, Worldwide, Waters-Edge, And Consolidated Filing
F. Planning Opportunities
12:00 p.m. - 1:00 p.m.
Lunch (On Your Own)
1:00 p.m. - 1:45 p.m.
V. Sales And Use Tax
A. Differences Between States
B. Retailer vs. Consumer
C. Tax Audits
D. Use Tax Accruals
E. Exempt Sales
1:45 p.m. - 2:45 p.m.
VI. Individual Multi-State Taxation
A. Virginia Residency
1. Requirements For Resident Status In General
2. Exceptions To Being A Virginia Resident
3. Residing In Virginia: Temporary Or Transitory
B. Income Taxable To Virginia
1. Full-Year Resident
2. Part-Year Resident
C. Income From Virginia Sources Taxable To Virginia
2:45 p.m. - 2:55 p.m.
2:55 p.m. - 4:30 p.m.
VII. Administrative Practice Before The
Virginia State Tax Commission
A. Overview Of Virginia State Tax Commission
B. Returns Have Been Filed
C. Returns Have Not Been Filed
E. Notice Of Deficiency
F. Informal Conference
G. Board Of Tax Appeals
H. District Court
I. Declaratory Rulings
J. Representing Nonfilers
VIII. Case Studies
A. Corporate Income Tax
B. Individual Income Tax
C. Sales Tax