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

Understanding the Apportionment Rules for Service-Based Businesses

$149.00

SKU: 411123

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: 1:00 PM ET End Time: 2:40 PM ET

Learning Objectives

* You will be able to review how states apply the costofperformance or marketbased sourcing rules.

* You will be able to recognize the data needed to substantiate sourcing positions for financial statement purposes, state tax audits, and state tax compliance.

* You will be able to discuss the state income tax nexus implications arising from the application of the various sourcing rules.

* You will be able to identify common state income tax compliance faux pas and potential apportionment planning opportunities.

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

AIPB ,CPE ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

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

$219.00

SKU: 406714

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: 1:00 PM ET End Time: 2:40 PM ET

Learning Objectives

* You will be able to review how states apply the costofperformance or marketbased sourcing rules.

* You will be able to recognize the data needed to substantiate sourcing positions for financial statement purposes, state tax audits and state tax compliance.

* You will be able to discuss the state income tax nexus implications arising from the application of the various sourcing rules.

* You will be able to identify common state income tax compliance faux pas and potential apportionment planning opportunities.

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

AIPB ,CPE ,IAPP ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

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