An Update of State Tax Issues for Corporations (Completed)

Date: Wednesday, October 27, 2021
Instructor: Hodgson Russ LLP, Open Weaver Banks, K. Craig Reilly, Katherine Piazza
Begin Time:  7:00am Pacific Time
8:00am Mountain Time
9:00am Central Time
10:00am Eastern Time
CPE Credit:  2 hours for CPAs

Due to the COVID-19 pandemic, millions of people have been telecommuting from their home state or another location. Allowing employees to telecommute from states in which they do not normally work can create a host of issues for companies, but the two biggest tax issues relate to nexus and income apportionment. Will the presence of an employee working from home create income tax nexus for the employer in that state? What if the business relied on the protection of P.L. 86-272 prior to the pandemic? How should a business apportion and allocate income among multiple states?

This webinar looks at how corporations can navigate the complex maze of state allocation and apportionment rules, particularly as many businesses have established a wider multistate footprint during and after the pandemic.

Topics Covered

  • The two biggest tax issues related to nexus and income apportionment when telecommuting from home state or another location
  • How corporations can navigate the complex maze of state allocation
  • Apportionment rules

Learning Objectives

  • Identify how to resolve the two biggest tax issues related to nexus and income apportionment when telecommuting from home state or another location
  • Recognize how corporations can navigate the complex maze of state allocation and apportionment rules

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None

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