Multistate Taxation
The course, Multistate Taxation. will consider the historical progression of state and local taxation, the power of states to tax (and the limitations on that power), and planning strategies for minimizing the impact of state and local taxation.
About this Course
This course on Multistate Taxation will examine state and local tax laws prevalent in the United States today. Discussions will focus on income taxes, sales taxes, and property taxes.
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Skills You Will Gain
- Understand the most common types of taxes imposed by state and local governments.
- Understand other basic issues related to income; sales; and property taxes.
- Calculate how a multistate business should allocate and apportion income among the states where it conducts business.
- Understand the limitations on a state’s taxing power.
- Determine when a taxpayer is subject to the jurisdiction of a taxing state.
Syllabus
WEEK 1
3 hours to complete
Module 1: An Introduction to Multistate Taxation
In this module, you will be introduced to your instructor, the course, and to multistate taxation in general. Specifically, you will learn about the most common types of taxes used by state and local governments, the limitations on a state’s ability to tax, and the current revenue challenges facing state and local governments.
6 videos (Total 25 min), 7 readings, 3 quizzes
WEEK 2
2 hours to complete
Module 2: Federal Limits on Multistate Taxation
In this module, we will discuss the limitations that the U.S. Constitution and Congress can place on a state’s taxing power. Our discussion will primarily focus on the Due Process Clause and the Commerce Clause. We’ll also take a closer look at the Commerce Clause’s substantial nexus requirement.
4 videos (Total 36 min), 2 readings, 5 quizzes
WEEK 3
4 hours to complete
Module 3: Sales and Use Taxes
In this module, we will discuss sales and use taxes, which are typically excise taxes imposed on retail transactions to the ultimate end-user of a product. We will also discuss some of the various exemptions from the retail sales tax that states offer. And, we will look at the current sales tax landscape after the U.S. Supreme Court’s recent ruling in Wayfair v. South Dakota.
6 videos (Total 32 min), 7 readings, 5 quizzes
WEEK 4
6 hours to complete
Module 4: Individual Income Taxes
In this module you will be introduced to how states tax income. We will discuss the history and development of state individual income taxes. We will then turn to how state’s utilize the Internal Revenue Code as a head start for their own tax laws. Then we will learn about the two bases of state taxation, residency and source. And, how taxpayers may be eligible for a credit for taxes paid to other states.
6 videos (Total 43 min), 6 readings, 7 quizzes
