Nonresident Income Allocation and Resident Credits (Completed)

As a result of COVID, employees have fled their traditional workplaces, individuals are rethinking where they want to live, and employers have started rethinking their office-based workplace models. All of these changes impact a state’s authority to impose tax on an individual’s income.

This webinar examines unique rules, like the convenience rule, and state-specific rules for taxing deferred compensation. We will also examine differing state rules for determining whether a resident will get a credit for taxes paid to other jurisdictions and how these rules can lead to double taxation.

Who Should Attend
CPAs, enrolled agents, CFOs, and Individuals who live and work in different states.

Topics Covered

• Unique rules, like the convenience rule
• State-specific rules for taxing deferred compensation
• Differing state rules for determining whether a resident will get a credit for taxes paid to other jurisdictions
• How these rules can lead to double taxation

Learning Objectives

• Describe the basic concepts of nonresident state taxation
• Identify unique rules, like the convenience rule, and state-specific rules for taxing deferred compensation
• Recognize how differing state rules for determining whether a resident will get a credit for taxes paid to other jurisdictions
• Recognize how these rules can lead to double taxation

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None