CPE Course Economic Nexus & Sourcing of Sales Receipts

December 1, 2017

8:30am — 12:15pm

Location Manchester

Member Price $129.50Register after November 10 and pay $139.50
Non-member Price $179.50Register after November 10 and pay $189.50

Curriculum Specialized Knowledge, Taxation

Field of Interest

Level Intermediate

Designed For

This seminar is designed for tax professionals in industry or in public practice who currently have or may have clients conducting some business activities in more than a single state but may not have a physical location or merchandise located in each state. Participants will explore which jurisdictions the business may now have a duty to file income tax returns in without actually having some physical presence in the state.

4.00 credits

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Objective

Approximately 40 States have moved from the physical presence standard they previously applied to determine income tax nexus creating a need to re-examine a business 'filing requirements in any state where the business has some activity. These states have adopted some form of an economic presence standard in the income tax area while maintaining a physical presence standard for purposes of sales & use taxes. To add to the complexity for filing state income taxes, 26 states changed their apportionment sourcing rules in the area of sales, other than the sale of tangible personal property - a trend that will likely continue. The requirements in both the nexus standard and the sourcing rules are not consistent among the states creating planning opportunities and pitfalls for taxpayers. Our seminar will address these trends and analyze where the requirements fall within the New England
States.

Highlights

Instructors

Mr Maurice P. Gilbert, CPA

Maurice serves the firm’s Tax Group as its Director of State Taxation. Maurice has been actively involved in public accounting and tax administration for more than 40 years. He brings his extensive knowledge of federal and multi-state tax planning, enforcement and compliance procedures to the firm. He assists clients with federal and state tax planning opportunities, evaluates the tax implications of proposed business transactions, and provides analysis on proposed state and federal tax legislation and regulatory changes. Maurice is also available to assist clients with audit issues proposed by the various Departments of Revenue and the Internal Revenue Service (IRS).Prior to his employment with the Devine Millimet Tax Group, Maurice provided tax consulting services to tax practitioners through his CPA proprietorship. For the majority of his career, however, he was employed by the New Hampshire Department of Revenue Administration (DRA). During his 25 year career with the DRA, he was involved with all aspects of NH tax administration including working cooperatively with numerous Departments of Revenue and the IRS. While at the DRA, he served as Chief of Field Audit (1979 to 1983), as Assistant Director of Audit (1983 to 1985) and as Director of Audit (1985 to 2004). Maurice served as a member on the United States Department of the Treasury’s Unitary Tax Task Force established to study the application of combined reporting on a worldwide or water’s-edge basis. Prior to his DRA employment, Maurice worked in the public accounting field with both local and international CPA firms.Maurice has been actively involved with various organizations throughout his professional career. While working at the DRA, he chaired various committees for the Federation of Tax Administrators and the North East States’ Tax Officials Associations. He is a member of the New Hampshire Society of CPAs where he served as the Past President of its Board of Directors and chaired numerous committees including its Uniform Accountancy Act Task Force. Maurice was a co-founder of the Federal Tax Forum, a joint endeavor of the NH Society of CPAs and the NH Bar Association. He currently serves as a member of the Board of Directors and a Vice President of the NH Society of Accountants. Maurice is a member of the Massachusetts Association of Public Accountants. He also served on the Governing Council of the American Institute of CPAs. Maurice has authored numerous articles on New Hampshire taxation topics. He develops and serves as a discussion leader for seminars on New Hampshire tax topics offered through Devine Millimet & Branch Professional Association, the New Hampshire Society of Certified Public Accountants, the New Hampshire Society of Accountants and Boston Tax Institute. Maurice has received various achievement awards for his contributions to the profession. A certified public accountant, Maurice holds a Master of Science in Taxation from Bentley University and a B.S. in Accounting from New Hampshire College, now known as Southern New Hampshire University.close

Prerequisites

Participants should have a general knowledge of federal and state income tax principles.

Developer

Devine, Millimet & Branch, PA

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