Multistate Taxation from Coursera

What's inside

Syllabus

Module 1: An Introduction to Multistate Taxation

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.

Module 2: Federal Limits on Multistate Taxation

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.

Module 3: Sales and Use Taxes

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.

Module 4: Individual Income Taxes

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.

Module 5: Corporate Income Taxes (Part I)

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.

Module 6: Corporate Income Taxes (Part II)

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.

Module 7: Corporate Income Taxes (Part III)

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.

Module 8: Property Taxes

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.

Good to know

Know what's good

, what to watch for

, and possible dealbreakers

Examines state and local tax laws prevalent in the United States today

Looks at income taxes, sales taxes, and property taxes

Touches on planning strategies for minimizing the impact of state and local taxation

Can lead to a Master of Accountancy degree from the University of Illinois at Urbana-Champaign

Instructor Matthew Hutchens is a respected name in the field

May require ample prerequisite knowledge

Reviews summary

Well-regarded multistate taxation

Learners say this taxation course is amazing, highly recommended and thorough with lots of concrete examples. One learner who was initially intimidated by the subject was impressed by the educator. The lectures, case studies, and group discussions prepare students for real-world scenarios and are backed by a knowledgeable professor who is also a great communicator, making the content easy to understand. Another learner appreciated the resources like the well-equipped library and tax research databases, which assisted in their studies.

Lots of concrete examples

"lots of concrete examples"

"engaging tax class"

"interactive learning"

Excellent support and resources

"well-equipped library"

"access to tax research databases"

Amazing course content

"amazing course"

"highly recommended"

"a great overview"

"well done"

Knowledgeable professor

"Matthew Sir is a amazing Teacher"

"great professor mister Hutchens"

"very knowledgeable and a great communicator"

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Multistate Taxation with these activities:

Read the course syllabus

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Familiarize yourself with the course structure and requirements.

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Locate the course syllabus on the course website.
Review the course objectives, topics, and schedule.
Identify any required textbooks or materials.

Refresh knowledge of federal constitutional law

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Review the major principles of federal constitutional law, particularly those relating to taxation, to strengthen your foundation for this course.

Browse courses on Constitutional Law

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Review notes and materials from previous courses or textbooks on constitutional law.
Take practice quizzes or mock exams to test your understanding.

Review the book 'Multistate Taxation' by William H. Lyons

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Read and summarize the book 'Multistate Taxation' to gain a comprehensive understanding of the complex issues surrounding state and local tax laws.

View The Law And Practice Of Secured Transactions:... on Amazon

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Obtain a copy of the book and allocate time for reading.
Read each chapter thoroughly, taking notes and highlighting key concepts.
Summarize the main points of each chapter to reinforce your understanding.

Five other activities

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Follow tutorials on state and local tax laws

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Seek out and follow online tutorials or webinars that provide explanations and examples of state and local tax laws, focusing on the topics covered in this course.

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Search for reputable online resources that offer comprehensive tutorials on state and local tax laws.
Follow the tutorials, taking notes and completing any interactive exercises to reinforce your understanding.

Participate in study sessions with peers

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Join or form study groups with fellow students to discuss course topics, work through problems together, and clarify any areas of confusion.

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Reach out to classmates and form a study group with diverse perspectives.
Set regular meeting times and agree on topics to cover.
Take turns presenting concepts and leading discussions.

Practice solving tax problems

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Engage in practice drills that involve solving tax problems related to the topics covered in this course, such as income tax, sales tax, and property tax.

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Find practice problems and exercises online or in textbooks.
Work through the problems, applying the concepts and principles learned in the course.
Review your answers and identify areas where you need further clarification.

Attend workshops on tax law updates

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Attend workshops or seminars offered by professional organizations or institutions to stay up-to-date on the latest developments in state and local tax laws.

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Identify reputable organizations or institutions offering workshops on tax law updates.
Register for workshops that align with your interests and learning goals.
Actively participate in the workshops, taking notes and asking questions.

Compile a comprehensive reference guide

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Organize and combine notes, assignments, quizzes, and exams from the course into a single, comprehensive reference guide for future use.

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Gather and review all course materials, including notes, assignments, and assessments.
Categorize and organize the materials into a coherent structure.
Create a digital or physical reference guide for easy access.

Career center

Learners who complete Multistate Taxation will develop knowledge and skills that may be useful to these careers:

Tax Attorney

Tax Attorneys are legal professionals who specialize in tax law. This course may be useful for a Tax Attorney because it provides a solid foundation in state and local tax laws. The course covers the historical progression of state and local taxation, the power of states to tax, and planning strategies for minimizing the impact of state and local taxation. This knowledge can help Tax Attorneys advise clients on tax matters and represent them in tax disputes.

See salaries and explore the career path for Tax Attorney

Tax Manager

Tax Managers are responsible for overseeing the tax-related activities of a company or organization. This course may be useful for a Tax Manager because it provides a comprehensive understanding of state and local tax laws. The course covers the historical progression of state and local taxation, the power of states to tax, and planning strategies for minimizing the impact of state and local taxation. This knowledge can help Tax Managers make informed decisions and ensure that their organizations comply with tax laws.

See salaries and explore the career path for Tax Manager

Chief Financial Officer (CFO)

Chief Financial Officers (CFOs) are responsible for overseeing the financial operations of a company or organization. This course may be useful for a CFO because it provides a comprehensive overview of state and local tax laws. The course covers various aspects of taxation, including income taxes, sales taxes, and property taxes. This knowledge can help CFOs make informed decisions about tax matters and ensure that their companies comply with tax laws.

See salaries and explore the career path for Chief Financial Officer (CFO)

Corporate Controller

Corporate Controllers are responsible for overseeing the financial operations of a company or organization. This course may be useful for a Corporate Controller because it provides a comprehensive overview of state and local tax laws. The course covers various aspects of taxation, including income taxes, sales taxes, and property taxes. This knowledge can help Corporate Controllers ensure that their companies comply with tax laws and minimize their tax burden.

See salaries and explore the career path for Corporate Controller

Tax Accountant

Tax Accountants specialize in tax-related accounting. This course may be useful for a Tax Accountant because it provides a solid foundation in state and local tax laws. The course covers various aspects of taxation, including income taxes, sales taxes, and property taxes. This knowledge can help Tax Accountants prepare accurate tax returns, advise clients on tax matters, and plan for tax optimization.

See salaries and explore the career path for Tax Accountant

Certified Public Accountant (CPA)

Certified Public Accountants (CPAs) are licensed professionals who provide accounting, auditing, and tax services. This course may be useful for a CPA because it provides a comprehensive overview of state and local tax laws. The course covers various aspects of taxation, including income taxes, sales taxes, and property taxes. This knowledge can help CPAs provide accurate tax advice to their clients and ensure that their clients meet their tax obligations.

See salaries and explore the career path for Certified Public Accountant (CPA)

Lobbyist

Lobbyists represent businesses or organizations before government agencies. This course may be useful for a Lobbyist because it provides a solid understanding of state and local tax laws. The course covers the historical progression of state and local taxation, the power of states to tax, and planning strategies for minimizing the impact of state and local taxation. This knowledge can help Lobbyists advocate for their clients' interests and ensure that their clients comply with tax laws.

See salaries and explore the career path for Lobbyist

Payroll Manager

Payroll Managers are responsible for managing the payroll process for a company or organization. This course may be useful for a Payroll Manager because it provides a solid understanding of state and local income taxes. The course covers the historical progression of state individual income taxes, how states utilize the Internal Revenue Code, and how taxpayers may be eligible for a credit for taxes paid to other states. This knowledge can help Payroll Managers ensure that their companies comply with tax laws and meet their payroll obligations accurately.

See salaries and explore the career path for Payroll Manager

Government Relations Manager

Government Relations Managers represent businesses or organizations before government agencies. This course may be useful for a Government Relations Manager because it provides a solid understanding of state and local tax laws. The course covers the historical progression of state and local taxation, the power of states to tax, and planning strategies for minimizing the impact of state and local taxation. This knowledge can help Government Relations Managers advocate for their clients' interests and ensure that their clients comply with tax laws.

See salaries and explore the career path for Government Relations Manager

Tax Auditor

Tax Auditors are responsible for examining and verifying the accuracy of tax returns. This course may be helpful for a Tax Auditor because it provides an in-depth understanding of state and local tax laws. The course covers the historical progression of state and local taxation, the power of states to tax, and planning strategies for minimizing the impact of state and local taxation. This knowledge can help Tax Auditors identify potential areas of concern and ensure that businesses and individuals comply with tax laws.

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Management Consultant

Management Consultants advise businesses on how to improve their operations and performance. This course may be useful for a Management Consultant because it provides a solid understanding of state and local tax laws. The course covers the historical progression of state and local taxation, the power of states to tax, and planning strategies for minimizing the impact of state and local taxation. This knowledge can help Management Consultants advise businesses on how to comply with tax laws and minimize their tax burden.

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Financial Analyst

Financial Analysts use financial data to evaluate and make recommendations on investments. This course may be useful for a Financial Analyst because it provides a solid understanding of state and local tax laws. The course covers the historical progression of state and local taxation, the power of states to tax, and planning strategies for minimizing the impact of state and local taxation. This knowledge can help Financial Analysts make informed decisions about investments and advise clients on tax-related matters.

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Economist

Economists study the production, distribution, and consumption of goods and services. This course may be useful for an Economist because it provides a solid understanding of state and local tax laws. The course covers the historical progression of state and local taxation, the power of states to tax, and planning strategies for minimizing the impact of state and local taxation. This knowledge can help Economists analyze the impact of tax laws on economic activity and make informed recommendations for tax policy.

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Investment Banker

Investment Bankers advise companies on financial transactions such as mergers and acquisitions. This course may be useful for an Investment Banker because it provides a solid understanding of state and local tax laws. The course covers the historical progression of state and local taxation, the power of states to tax, and planning strategies for minimizing the impact of state and local taxation. This knowledge can help Investment Bankers structure transactions in a tax-efficient manner.

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Tax Preparer

A Tax Preparer is a specialist who handles tax-related issues. This course may be useful for a Tax Preparer because it provides a comprehensive overview of state and local tax laws. The course covers various aspects of taxation, including income taxes, sales taxes, and property taxes. This knowledge can help Tax Preparers stay up-to-date with the latest tax regulations and ensure that their clients meet their tax obligations accurately.

See salaries and explore the career path for Tax Preparer