This course will examine state and local tax laws prevalent in the United States today. The course will consider the historical progression of state and local taxation, the power of states to tax (and the limitations on that power), and planning strategies for minimizing the impact of state and local taxation. Discussions will focus on income taxes, sales taxes, and property taxes.
Multistate Taxation
Gain insight into a topic and learn the fundamentals.
4.9
(32 reviews)
Intermediate level
Recommended experience
Flexible schedule
Approx. 26 hours
Learn at your own pace
Build toward a degree
Skills you'll gain
- Understand the limitations on a state's taxing power.
- Calculate how a multistate business should allocate and apportion income among the states where it conducts business.
- Determine when a taxpayer is subject to the jurisdiction of a taxing state.
- Understand the most common types of taxes imposed by state and local governments.
- Understand other basic issues related to income; sales; and property taxes.
Details to know
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Assessments
36 quizzes
Taught in English
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There are 8 modules in this course
In this module, you will be introduced to your instructor, the course, and to multistate taxation in general. Specifically, you will learn about the most common types of taxes used by state and local governments, the limitations on a state's ability to tax, and the current revenue challenges facing state and local governments.
What's included
5 videos8 readings3 quizzes1 discussion prompt1 plugin
In this module, we will discuss the limitations that the U.S. Constitution and Congress can place on a state's taxing power. Our discussion will primarily focus on the Due Process Clause and the Commerce Clause. We'll also take a closer look at the Commerce Clause's substantial nexus requirement.
What's included
4 videos2 readings5 quizzes
In this module, we will discuss sales and use taxes, which are typically excise taxes imposed on retail transactions to the ultimate end-user of a product. We will also discuss some of the various exemptions from the retail sales tax that states offer. And, we will look at the current sales tax landscape after the U.S. Supreme Court's recent ruling in Wayfair v. South Dakota.
What's included
6 videos7 readings5 quizzes
In this module you will be introduced to how states tax income. We will discuss the history and development of state individual income taxes. We will then turn to how state's utilize the Internal Revenue Code as a head start for their own tax laws. Then we will learn about the two bases of state taxation, residency and source. And, how taxpayers may be eligible for a credit for taxes paid to other states.
What's included
6 videos7 readings7 quizzes
In this module we will be introduced to corporate state income taxes and their history. We will also learn about the most important piece of federal legislation regarding state income taxation, Public Law 86-272. Finally, we will walk through the typical corporate income tax formula used by states to compute state taxable income and tax.
What's included
4 videos4 readings3 quizzes
In this module we will discuss the general rules for allocation and apportionment. This includes differentiating between business (i.e., apportionable) and nonbusiness (i.e., allocable) income. We will also learn how to compute apportionment factors.
What's included
3 videos3 readings4 quizzes
In this module we will learn about the different filing return filing methods (separate, consolidated, and combined) used by states for multi-entity corporate taxpayers. As a part of that discussion, we will discuss the unitary business rule and the constitutional limitations on certain return filing methods. We will then turn to discussing specialized apportionment issues surrounding combined (unitary) tax filing methods.
What's included
4 videos5 readings5 quizzes
In this module we will learn about property taxes. We will discuss the history and development of property taxes. How property taxes are computed. And, common state constitutional limitations on property taxes.
What's included
5 videos5 readings4 quizzes1 discussion prompt1 plugin
Instructor
Instructor ratings
5.0 (15 ratings)
Offered by
Recommended if you're interested in Business Essentials
Build toward a degree
This course is part of the following degree program(s) offered by University of Illinois Urbana-Champaign. If you are admitted and enroll, your completed coursework may count toward your degree learning and your progress can transfer with you.¹
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