Oregon and State & Local Taxation - The Basics (4 hours - afternoon) - Webcast
Overview
This introductory half-day Oregon and State & Local Taxation program is authored and instructed by Kimberly Lohr, Principal, Aprio, Lake Oswego, who is recognized for her 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.
Highlights
- 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?
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.
Leader(s):
Leader Bios
Harriet Strothers, State and Local Tax Partner, Aprio
Harriet Strothers has nearly 40 years of experience in providing state and local tax advisory and compliance services to large multi-state and multinational companies. With extensive experience managing tax compliance and audits for all areas of state taxation as well as IRS LMSB "Large Case" audits, Harriet also performs state and local due diligence related to mergers and acquisitions.
Harriet spent almost half of her career in industry with The Ryland Group, a Fortune 500 home builder and mortgage lender that operates in 28 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. Rather than developing an industry-specific concentration, Harriet focused on state tax minimization through planning and remediation strategies for taxpayers who operate in multiple states. These strategies include multi-state income/franchise tax refund engagements and reverse sales/use tax audits, as well as state voluntary disclosures to mitigate past tax liability. Harriet's experience in industry included extensive audit defense. She has leveraged that experience into numerous successful audit strategies that she regularly employs when defending clients under audit by taxing authorities.
A frequent presenter on multi-state tax issues, Harriet has managed many large multi-state income/franchise tax refund engagements and reverse sales/use tax audits. She has managed and delivered numerous voluntary disclosure services and audit defense services in almost every state. Harriet has substantial experience advising clients on product sales/use taxability for different types of transactions and on nexus-related issues in 50 states.
After a two-year stint at Schnitzer Steel, Harriet worked with Moss Adams for six years before joining the team at Delap in 2014.
(3/3/21)
Non-Member Price $250.00
Member Price $195.00