Oregon and State & Local Taxation - The Basics (4 hours - morning) - Webcast

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Nov 4, 2020

Registration: 7:30 AM / Program: 8:00 AM - 11:45 AM Pacific Time

Fees

Member Fee: $175.00
Nonmember Fee: $225.00

Available Discounts

AICPA Member: None
Full time Accounting Educator: -87.00

Description

This new introductory half-day Oregon and State & Local Taxation program is authored and instructed by Harriet Strothers, CPA, Delap LLP, Lake Oswego, who is recognized for her local and extensive national expertise and instruction skills in this arena. You will gain an understanding of nexus, and nexus requirement for apportionment and different methods for different businesses. Learn the difference between apportioned and allocated income, as well as how business/nonbusiness income is determined. You will also learn how each of the factors for property, payroll, and sales are calculated.

Designed For

CPAs in public practice and industry who want to expand the scope of services they provide to clients and CPAs and want to understand their exposure to Nexus issues.

Objectives

Upon completion of this course, you will have an understanding of nexus including determining nexus, difference between business and nonbusiness income, the proper apportionment methodology for various income streams, and calculating apportionment factors.

Major Subjects

  • Nexus defined: physical presence; economic 
  • Apportionment: nexus requirement for apportionment; different methods for different businesses 
  • The difference between apportioned and allocated income 
  • How business/nonbusiness income is determined 
  • Property factor: what is included? what basis is used? when is monthly averaging necessary? what is mobile property? is WIP/CIP included? 
  • Payroll factor: what is included? are leased employee wages included? what about officer’s payroll? is there a throwback rule for payroll? 
  • Sales factor: what is included? how is it sourced? what about non-inventory items? what are occasional sales and how are they treated? what are the throwback and throw-out rules?

Leaders

Harriet Strothers

Harriet has over 30 years of experience in providing state and local tax advisory and compliance services to large multi-state and multinational companies. Prior to joining Delap, Harriet spent 15 years with The Ryland Group - a Fortune 500 Homebuilder and Mortgage Lender that operates in 28 different states. Upon her return to public accounting in 2007, Harriet observed that there was a need for business leaders to better understand how State and Local Taxes affected their financial decision making. While Harriet has spent much of the past six months on sales tax issues, her practice is generally focused on state income tax planning and compliance along with audit defense for state as well as IRS audits.