Course ID: SALT

State and Local Taxation

This course provides a comprehensive overview of the tax rules that apply to state and local taxation. An understanding of the nexus rules for both income taxes and sales taxes are needed to make sure that businesses do not unknowingly create an additional tax burden. We also discuss the computation of state income tax, including the allocation and apportionment of income across various states.

In-person and live webcast CPE credit: 4.0

Learning Objectives

After completing this course, you will be able to:

Categorize the types of taxes levied by state and local governments.
Evaluate which state has the authority to tax a business.
Formulate state income tax for corporations.
Contrast among separate, consolidated, and combined filing.

Major Topics

Types of taxes levied by state and local governments
Nexus rules of income taxes and sales taxes
Apportioning business income
Allocating nonbusiness income
Separate, consolidated, and combined filing

Advanced Preparations

None

Who Should Attend

Senior staff, managers, partners

Fields of Study

Taxes

Prerequisites

Foundational knowledge of taxation of corporations

Provider

Business Learning Institute

CPE Credits

4.0

Level

Advanced

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