Apportionment 2021
Online Event
Blank Rome State + Local Tax Partner Nicole L. Johnson will serve as a panelist at the 2021 ABA/IPT Advanced Tax Seminars, hosted by the American Bar Association (“ABA”) Section of Taxation and the Institute for Professionals in Taxation (“IPT”), being held March 15 through 19, 2021.
The program is designed for attorneys, accountants, tax directors, state and local tax managers, government tax officials, appraisers, property tax managers, commercial and industrial property managers, and others interested in sales, use, ad valorem taxation of property, and state income tax.
The increasing burden of state and local income, sales, use, and property taxes throughout the country requires an increasingly greater knowledge and understanding by those professionals who are responsible for managing and minimizing this burden. In addition, businesses must now focus more on the process for evaluating and selecting professionals who are needed to contest state and local tax matters. Over the course of three seminars, a distinguished and multidisciplinary faculty, including appraisers, government and private sector tax officials, tax managers, and state and local tax attorneys, will lead attendees in the practical examination of current state and local tax issues facing different businesses and industries, devoting substantial time to current issues in the field.
Nicole’s session, “Apportionment 2021,” will take place on Friday, March 19, from 12:15 to 1:45 p.m. EDT (9:15 to 10:45 a.m. PDT / 11:15 a.m. to 12:45 p.m. CDT) and will provide an update of recent apportionment developments. The practical application of market-based sourcing for services and intangibles, cost of performance sourcing, and how to make an alternative apportionment challenge will be discussed. Topics include:
- The basic principles of apportionment and market-based sourcing
- The difference between market-based sourcing and costs of performance
- The recent MTC proposals for amending Section 17 and 18 of the Uniform Division of Income for Tax Purposes Act (“UDITPA”)
- The differences between use, benefit, and delivery
For additional information and to register, please visit the event webpage.