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.
Offered By
Multistate Taxation
University of Illinois at Urbana-ChampaignAbout this Course
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Intermediate Level
Prior knowledge or education regarding taxation in the United States.
Approx. 26 hours to complete
English
Subtitles: English
Skills you will gain
- Understand the most common types of taxes imposed by state and local governments.
- Understand other basic issues related to income; sales; and property taxes.
- Calculate how a multistate business should allocate and apportion income among the states where it conducts business.
- Understand the limitations on a state's taxing power.
- Determine when a taxpayer is subject to the jurisdiction of a taxing state.
Flexible deadlines
Reset deadlines in accordance to your schedule.
Shareable Certificate
Earn a Certificate upon completion
100% online
Start instantly and learn at your own schedule.
Intermediate Level
Prior knowledge or education regarding taxation in the United States.
Approx. 26 hours to complete
English
Subtitles: English
Offered by
University of Illinois at Urbana-Champaign
The University of Illinois at Urbana-Champaign is a world leader in research, teaching and public engagement, distinguished by the breadth of its programs, broad academic excellence, and internationally renowned faculty and alumni. Illinois serves the world by creating knowledge, preparing students for lives of impact, and finding solutions to critical societal needs.
Start working towards your Master's degree
This course is part of the 100% online Master of Science in Accountancy (iMSA) from University of Illinois at Urbana-Champaign.
If you are admitted to the full program, your courses count towards your degree learning.
Syllabus - What you will learn from this course
3 hours to complete
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.
3 hours to complete
6 videos (Total 25 min), 7 readings, 3 quizzes
2 hours to complete
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.
2 hours to complete
4 videos (Total 36 min), 2 readings, 5 quizzes
4 hours to complete
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.
4 hours to complete
6 videos (Total 32 min), 7 readings, 5 quizzes
6 hours to complete
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.
6 hours to complete
6 videos (Total 43 min), 6 readings, 7 quizzes
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