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Course/Product Description

Multistate Taxation: Income Franchise Tax

Date / Time: Recorded
Format: Webinar

While many businesses focus their tax strategies on mitigating the federal income tax, many businesses are becoming aware of increased enforcement of state tax laws, especially on businesses that operate across state lines.

Rather than concentrating on the intricacies of a single tax in a single jurisdiction, this webinar will explore trends in state taxation of interstate businesses, with particular emphasis on the expanding web of information available to state tax administrators in regard to businesses operating or engaging in transactions in their states.

Tax administrators are becoming increasingly adept at mining this web to enforce tax liabilities they might previously have been unaware of. Individuals responsible for state tax compliance, individuals responsible for determining the geographic location of interstate business operations and attorneys and accountants who advise them will benefit from learning the recent and anticipated developments in these areas and steps they can take to mitigate their impact on a business' aggregate state taxes.


General Overview of Legal Authority for and Limitations on State Taxation

  • U.S. Constitutional Authority and Limitations
  • Commerce Clause
  • Unitary Business Principle
  • Nexus
  • Discrimination Against Foreign Commerce
  • Due Process; Equal Protection
  • Federal Public Law: 86-272
  • Exploring the Interactions Among "Factor Nexus", "Economic Nexus", and Public Law 86-272
Franchise Tax Issues
Income Tax Issues
  • Conformity to the Federal Tax Base
  • Methods of Conforming to the Federal Income Tax Base
  • Advantages and Disadvantages of Conformity
  • Nonconformity Issues
  • UDIPTA and the Multistate Tax Commission Regulations
  • The Unitary Business Principle
  • Apportionable and Nonapportionable Income
  • MTC Regulation Guidelines for Specific Types of Income
  • Specific Allocation of Nonbusiness Income
  • The U.S. Supreme Court's Approach to Determining Whether Income Is Apportionable
  • Formulary Apportionment
  • Sourcing Sales of Services: Market-Based or Cost-Of-Performance?
Other Tax Issues
  • Registration to Do Business
  • Secretary of State
  • Income and Franchise Tax
  • Sales and Use Tax
  • State Issues
  • Synopsis
  • Enforcement: Audit and Appeals
Compliance and Coming Forward
  • The Compliance Calculation: General Multistate Tax Issues - Filing Requirement
  • How to Come Forward - Voluntary Disclosure Program
About The Presenters

Inez M. Mello, M.B.A.
  • Director, State and Local Taxes for Stowe & Degon LLC
  • Serves as an adjunct professor for Bryant University, and is Bryant University’s graduate multistate tax professor
  • More than 26 years of experience in state and local taxes
  • Chair of the MA Society of CPA’s State Tax Committee
  • Member of the RI Society of CPA’s State Tax Committee
  • Serves on CCH’s National State Tax Advisory Board
  • Selected as the winner of the 2007 Rhode Island Women in Business Champion of the Year Award by the U.S. Small Business Administration
  • M.B.A. degree in taxation and B.S. degree in accounting, Bryant University
Daniel C. Waugh, Esq.
  • Principal in the law firm of Moses Afonso Ryan Ltd.
  • Provides planning and dispute resolution services relating to taxes, including sales, use, business corporation, franchise and property taxes, as well as federal income and excise taxes
  • Counsels businesses on compliance with federal and state tax laws
  • Former president of the Rhode Island Employee Benefits Council
  • J.D. degree, University of Virginia School of Law; A.B. degree, Harvard College

Cannot Attend The Live Presentation?

This presentation is also available in a recorded format, in CD version, as shown in the pricing options below.

About Webcasts / Audio Conferences / Podcasts:

Webcasts, audio conferences, and podcasts are presentations that you attend via the Internet, phone, or mobile device at a specified date and time for "live" versions, or at your convenience for "recorded" and "On-Demand" versions.

The live versions are interactive, meaning that participants can ask questions in real time, plus are a very cost-effective form of training because 1) you receive fast, convenient learning without any out-of-office time; 2) you can invite as many colleagues as you'd like to listen in on a single phone line; 3) you incur no travel expenses; and 4) you and your colleagues are back at work immediately after the session ends!

And though with recorded versions you do lose the ability to ask questions, you gain the ability to hear the presentation numerous times and to share it with others in your office.

Handout materials and the phone number for live presentations are made available to you prior to the event via email from the presenter and from the "MyAccount" link on the menu bar. Copies of the presentations are included with recorded versions.

About The Provider: Lorman Education Services has provided educational seminars and online training for professionals since 1987.

Since then, we've kept thousands of professionals in the United States and internationally current on the most pressing topics in a rapidly changing marketplace of ideas. Like you, we understand the need for concise, accurate information.

That understanding underlies each Lorman course, presenting the latest information on the laws and regulations critical to your organization's successful daily operations.

Moreover, each course receives our painstaking attention to be certain both the faculty and participants receive the individual attention necessary to achieve maximum benefit from the materials.
More Info: Contact Us For More Information
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