WEBINAR

 
As businesses expand and deliver products and services across state lines, understanding multi-state apportionment and revenue sourcing rules is critical for reducing and mitigating multi-state tax compliance risk, while managing the company’s effective state tax rate. Additionally, differences in apportionment formulas, revenue sourcing rules, and classifications of particular revenue streams can significantly impact multi-state gross receipts, franchise, and net income tax liabilities. 
 
Join members of CohnReznick’s State and Local Tax Team for a practical overview of multi-state apportionment fundamentals and updates, including administrative and case law developments on how market sourcing, cost of performance and income-producing activities methodologies have been applied by taxpayers and state taxing authorities. We’ll also explore alternative apportionment methods, specialized apportionment formulas for certain industries, and how to practically apply market sourcing rules for optimal results.

After participating in this webinar, participants will be able to: 

• Identify the core principles of multi-state income tax apportionment and how they apply across jurisdictions 
• Distinguish between market sourcing, cost of performance and income-producing-activities sourcing methods and their multi-state tax implications 
• Identify opportunities for applying specialized industry formulas or alternative apportionment methods 
• Recognize when look-through versus non-look-through situations apply in the context of market sourcing rules applied to services where a third party may receive the benefit of the service 

Live event participants can earn up to 1 CPE credit in the Taxes field of study. 

SPEAKERS

CPE Information

Live event participants can earn up to 1 CPE credit in the Taxes field of study. 

Program description: Join us as members of CohnReznick’s State and Local Tax team discuss the fundamentals of multi-state apportionment and how differences in sourcing rules, product classifications, and specialized or alternative apportionment methodologies can impact state tax exposure and present multi-state tax savings opportunities. This session will cover variations in revenue sourcing methods, including market sourcing, income-producing activity tests cost of performance rules, and unique apportionment situations across jurisdictions.   Attendees will gain practical insight into where multi-state apportionment and revenue sourcing rules often diverge and why a coordinated and analytical approach is critical for managing compliance and reducing tax costs. 

Program level: Overview: General review with no prior knowledge 

Prerequisites: None

Advanced preparation: None

After participating in this webinar, participants will be able to:  

• Identify the core principles of multi-state income tax apportionment and how they apply across jurisdictions  
• Distinguish between market sourcing, cost of performance and income-producing-activities sourcing methods and their multi-state tax implications  
• Identify opportunities for applying specialized industry formulas or alternative apportionment methods  
• Recognize when look-through versus non-look-through situations apply in the context of market sourcing rules applied to services where a third party may receive the benefit of the service 

Instructional Delivery Method: Webinars: Group Internet Based

Course Registration Requirements: Landing pages feature this content prior to CPE credit approval.

Official NASBA sponsor statement, if an approved NASBA sponsor (explaining final authority of acceptance of CPE credits):

CohnReznick is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State board of accountancy have final authority on the acceptance of individual courses for CPE credits. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org

"CohnReznick" is the brand name under which CohnReznick LLP and CohnReznick Advisory LLC and their respective subsidiaries provide professional services. CohnReznick LLP and CohnReznick Advisory LLC (and their respective subsidiaries) practice in an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable law, regulations, and professional standards. CohnReznick LLP is a licensed CPA firm that provides attest services to its clients. CohnReznick Advisory LLC provides tax and business consulting services to its clients. CohnReznick Advisory LLC and its subsidiaries are not licensed CPA firms.