University of Illinois at Urbana-Champaign

Multistate Taxation

Taught in English

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2,687 already enrolled

Course

Gain insight into a topic and learn the fundamentals

Matthew Hutchens

Instructor: Matthew Hutchens

4.9

(27 reviews)

Intermediate level

Recommended experience

26 hours to complete
3 weeks at 8 hours a week
Flexible schedule
Learn at your own pace
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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 (14 ratings)
Matthew Hutchens
University of Illinois at Urbana-Champaign
5 Courses39,558 learners

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Get a head start on your degree

This course is part of the following degree programs offered by University of Illinois at Urbana-Champaign. If you are admitted and enroll, your coursework can count toward your degree learning and your progress can transfer with you.

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4.9

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EL
5

Reviewed on Sep 1, 2023

JM
5

Reviewed on Oct 24, 2021

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