Market-Based Sourcing 101: A Review of New Apportionment Methods for Corporate Income Taxpayers
Authored by Timothy Noonan
About this Course
Topics covered include:
Overview of nexus and recent developments in the economic nexus context;
Market Sourcing 101
Sourcing receipts nationwide;
Examples of applying market-based sourcing.
Upon completing this course, you should be able to:
Recognize how nexus works and the multistate shift towards economic nexus;
Identify the basic market-based sourcing rules and how they differ between states;
Identify potential issues in applying market-based sourcing;
Recognize court cases and how they apply to clients;
Identify reasons for the movement towards a market-based approach;
Recognize states utilizing the market-based sourcing approach and how it's applied;
Differentiate receipt categories using a hierarchical sourcing method;
Describe true statements regarding Quill;
Identify the formula traditionally used for the three-factor formula including sales, property, and payroll;
Identify the number of states that require or provide election to use market-based sourcing.
Basic understanding of multistate income taxation concepts.