Knowledge Center

Thursday, September 19, 2013

On Tuesday, November 5, 2013, Marilyn A. Wethekam will be speaking at the 8th Annual Income Tax Symposium and copresenting with James D. Allen, III (BI Solutions Group LLC).

Their session, entitled "Sourcing for Sales Other Tangible Personal Property," will examine the growing battle by states to situs sales of other than tangible personal property in their state. It will explain the difference between traditional cost of performance sourcing and the relatively new concept of market based sourcing. The session will also examine how to determine the proper sourcing under each of these concepts, from both a theoretical and practical standpoint.

At the end of this session, participants will be able to:

  • Understand the difference between cost of performance and market based sourcing;
  • Understand the intricacies of how to identify the components of direct costs and calculate how they are tied to income producing activities;
  • Identify the differences in market based sourcing from where the customer is located to where the benefit is derived;
  • Identify when a cost of performance study is needed, and what one actually looks like.

Horwood Marcus & Berk Partner Jordan M. Goodman currently serves on the Income Tax Symposium Committee. For more information about the Symposium, please see the brochure. The event will take place at the Marriott Renaissance Esmeralda in Indian Wells, California.

The Annual Income Tax Symposium is a program of the Institute for Professionals in Taxation (IPT). The Institute, founded in 1976, is a 501(c)(3) non-profit educational association serving over 4400 members representing approximately 1450 corporations, firms, or taxpayers throughout the United States and Canada. It is the only professional organization that educates, certifies and establishes strict codes of conduct for state and local income, property and sales & use tax professionals who represent taxpayers (government officials or organizations do not qualify for membership). The Institute also provides excellent educational programs in Value Added Tax (VAT) and Credits & Incentives. For more information, please visit the IPT's website.

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