The New Era Of State Income Apportionment

CD of Live 90-Minute Telephone Conference with an Interactive Q&A Session Conducted on December 20, 2005 Now available on CD

The relentless march toward single-sales apportionment of income for state taxation goes on.

Just in the last few months, several major states, including New York, Georgia and Minnesota, either mandated a heavier weighting of sales in their apportionment formulas or gave corporate taxpayers that option.

This trend could pay huge dividends to your company in reduced income or franchise taxes in your headquarters state. On the other hand, it may prove costly in states where you have established nexus via, for example, a small sales office or traveling salespeople.

Listen as our panel of veteran state tax advisors helps you take advantage of state income apportionment opportunities.

You'll get practical guidance for crafting a proactive tax strategy to:

• Maximize the current opportunity for multi-state companies to leverage a sales-weighted formula in their home state, if that state has no throwback.
• Review your physical locations around the country and analyze whether the potential state tax benefits would justify moving or closing some of them.
• Spot business activities that create attributional or solicitation nexus in states where the new apportionment standards drive up the tax cost of those activities.
• Carefully plan an alternative apportionment proposal to a state revenue agency that has maximum chances of success.

Plus, you'll get a detailed report on which states have recently agreed to transition into new income apportionment formulas -- and advance intelligence on which states are likeliest to take that route next.

Our authoritative panelists include:

Steve Danowitz, Partner, State and Local Tax Group, Ernst & Young, Los Angeles, is the firm's west region director of state and local income/ franchise tax services. He specializes in multi-state and California tax planning, with a focus on corporate taxation.

Patrick Derdenger, Partner, Steptoe & Johnson, Phoenix, emphasizes federal, state, and local taxation law. In his extensive multi-state tax practice, he represents his clients in tax litigation and counsels them on the state and local tax implications of their business transactions.

*******************************************************************************

TELECONFERENCE CD