Course Information

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Unitary and Nonunitary Business (Second Edition)
Author: Jeffrey M. Vesely, J.D. and Kerme H.O. Matsubara, J.D.

Description:
This course discusses the unitary business principle that evolved in response to the problem of attributing the income of a multistate business to each of the states in which the business was conducted. The unitary method is also known as formula apportionment and is to be contrasted with separate accounting. The distinctions between the three principal methods of dividing an income base of a multistate/multinational business and assigning a portion thereof to a particular state: separate accounting, formula apportionment, and specific allocation are explored.

Topics covered include:

  • What Is the Unitary Business Principle?
  • Methods of Dividing the Income Base
  • Constitutional Considerations and Limitations
  • Multicorporate Versus Multidivisional Corporations
  • How to Determine Whether a Business Is Unitary or Nonunitary

Course Details:
Price:  $64.00
Field of Study:  Taxes
Prerequisites:  Basic knowledge of state income taxation
Level:  Intermediate
Advanced Preparation:  None
CTEC course number:  1075-CE-5646
Course was last updated on:  05/08/09
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Library:
Learning Center Core
State Taxation

Technical Requirements:
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Credit Available For: Units
CPE 4.0 CPE
QAS 4.0 CPE
Enrolled Agent (Accepted by the IRS) 4.0 CPE
CTEC California 4.0 CE

Note: Recommended CPE credit is based on a 50-minute hour. Participants earning credits for states that require self-study to be based on a 100-minute hour will receive half the recommended CPE credits for successful completion of this course.

Since Continuing Professional Education requirements vary from state to state and are subject to change without notice, please contact your state board of accountancy for information on your CPE requirements and the applicability of this course to meet those specifications.

CCH has been approved by the California Tax Education Council to offer courses that provide federal and state credit towards the annual "continuing education" requirement imposed by the State of California. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.

User Reviews
Reviewer: Linda M. submitted on 08/23/2009
Strong points: Reference to case law Analysis of unitary standards of various states
Reviewer: Kimberly K. submitted on 07/12/2009
Organization
Reviewer: Jason G. submitted on 06/25/2009
good examples, adding more concrete examples would be better
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