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State Tax Considerations of Financial Institutions
November 9, 2023 @ 12:00 pm - 1:00 pm EST
Free
Participants of the free live webinar will be eligible for 1 CPE credit.
For state and local tax purposes, how a financial institution is defined varies by state. The definition is critical because it can define factors that include (but are not limited to): nexus standards, apportionment methods, and filing requirements. Depending on each state’s authority, entities that can get pulled into the definition(s) include mortgage lenders, accounts receivable factoring companies, and credit card processors. Join our BDO Tax professionals as they share insights around these issues and the application of the relevant tax authority.
Delivery: This webcast will be delivered via the BDO Online CPE Network
Prerequisites: None
Advanced Prep: None
Program Level: Basic
Learning Objectives:
- Recognize the entities that may be a financial institution within a specific state and localities.
- Define the apportionment rules that may apply to a financial institution.
- Recognize recent legislative and caselaw developments affecting financial institutions.
- Identify various taxes that a financial institution may be subject to including sales tax and gross receipts-based taxes.
BDO USA, P.C., is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
