Apportionment of income for state tax purposes is "where the rubber meets the road." That is to say; the complex and varied rules for determining a taxpayer's state incometax apportionment percentage can provide opportunities - with careful planning - for state tax minimization or create traps that - without such planning - lead to multiple taxation.

Service-based businesses face particular difficulties in identifying and analyzing the rules applicable to their operations for two reasons. First; state apportionment rules were written several decades ago at a time when our economy was dominated by the manufacturing of tangible personal property. Thus; these rules focused on the manufacturing industry and were out of touch with service operations. Second; as our economy has shifted its focus to services and e-commerce; states are beginning to revise their apportionment rules to account for differences between the industries. These new rules; however; lack clear guidance thus creating uncertainty for taxpayers.

This teleconference will provide you with a comprehensive look at particular apportionment issues facing service-based business in order to arm taxpayers with the information necessary to structure their operations to take advantage of the opportunities and to avoid the traps.

Faculty: Jeffrey C. Glickman; Esq.; Alston & Bird LLP

Verification and Attendance is the responsibility of Lorman Education For credit questions, please contact Lorman at 866-352-9540

On Demand CLE Hours: AK 1.5; AL 1.5; AZ 1.5; CA 1.5; IL 1.5; MO 1.8; MS 1.5; MT 1.5; ND 1.5; PA 1.5; TN 1.5; VT 1.5; WA 1.5; WV 1.8

Self-Study CLE Hours: AZ 1.5; CA 1.5; CO 2; GA 1.5; ME 1.5; NV 1.5; OR 1.5; WA 1.5

On demand orders placed on a weekend or holiday will be fulfilled on the next business day.