Due to the COVID-19 pandemic, millions of people have been telecommuting from their home state or another location. Allowing employees to telecommute from states in which they do not normally work can create a host of issues for companies, but the two biggest tax issues relate to nexus and income apportionment. Will the presence of an employee working from home create income tax nexus for the employer in that state? What if the business relied on the protection of P.L. 86-272 prior to the pandemic? How should a business apportion and allocate income among multiple states?
This webinar looks at how corporations can navigate the complex maze of state allocation and apportionment rules, particularly as many businesses have established a wider multistate footprint during and after the pandemic.
Instructional MethodGroup: Internet-based
NASBA Field of Study
Taxes (2 hours)