IRS Form 1099, 1099-NEC, and Form 1099-MISC: Advanced Issues and Updates

Understanding the Apportionment Rules for Service-Based Businesses (OnDemand Webinar)

$149.00

SKU: 411123EAU

Description

Gain a better understanding on the importance of proper revenue sourcing and the special apportionment rules for servicebased businesses.The sourcing rules adopted by the various states are far from uniform, and states have been challenged to keep pace with the exponential growth of serviceoriented enterprises, especially in the technology sector. This topic will discuss the various sourcing rules currently adopted by states and practical application to several common industries, including personal and professional services, technology, including cloudcomputing enterprises such as SoftwareasaService, and how to source revenues from the licensing or use of intangibles. We will also address some unique situations and what types of contemporaneous documentation are helpful in an audit.

Date: 2024-01-11 Start Time: End Time:

Learning Objectives

The Importance of Proper Revenue Sourcing
• Trends in State Legislation
• Correlation Between Market-Based Sourcing and Greater Weighted Sales Factor Apportionment Formulas
• Economic Nexus

Dichotomy of Sales Factor Sourcing
• Costs-Of-Performance (COP) vs. Market-Based Sourcing
• COP: Significance and Relevance
• Market-Based Sourcing
• Substantiation of Methodology

Special Apportionment Rules
• Special Industries – Financial, Transportation, Media and Entertainment, Advertising
• Transactions, Gain, and Income From PTEs

Christian J. Burgos, Esq.-Marcum LLP

IRS Form 1099, 1099-NEC, and Form 1099-MISC: Advanced Issues and Updates

Understanding the Apportionment Rules for Service-Based Businesses (OnDemand Webinar)

$219.00

SKU: 406714EAU

Description

Gain a better understanding on the importance of proper revenue sourcing and the special apportionment rules for servicebased businesses.The sourcing rules adopted by the various states are far from uniform, and states have been challenged to keep pace with the exponential growth of serviceoriented enterprises, especially in the technology sector. This topic will discuss the various sourcing rules currently adopted by states and practical application to several common industries, including personal and professional services, technology, including cloudcomputing enterprises such as SoftwareasaService, and how to source revenues from the licensing or use of intangibles. We will also address some unique situations and what types of contemporaneous documentation are helpful in an audit.

Date: 2020-08-19 Start Time: End Time:

Learning Objectives

The Importance of Proper Revenue Sourcing
• Trends in State Legislation
• Correlation Between Market-Based Sourcing and Greater Weighted Sales Factor Apportionment Formulas
• Economic Nexus

Dichotomy of Sales Factor Sourcing
• Costs-Of-Performance (COP) vs. Market-Based Sourcing
• COP: Significance and Relevance
• Market-Based Sourcing
• Substantiation of Methodology

Special Apportionment Rules
• Special Industries – Financial, Transportation, Media and Entertainment, Advertising
• Transactions, Gain, and Income From PTEs

Elil Shunmugavel Arasu-BDO USA, Christian J. Burgos, Esq. – Friedman LLP