Sarah Beard Moderates Panel at National Association of State Bar Tax Sections Annual Meeting: Apportionment & Market-Based Sourcing – Where Are We Now?

Apportionment remains one of the most significant issues for businesses, but the landscape facing taxpayers today is exceedingly complex and precarious. States are moving toward market-based sourcing at a rapid pace, either through legislation, alternative apportionment, or administrative fiat, and while the issue has been studied and uniform laws have been drafted, uncertainties remain. The panelists provided an update as to where we are now and address what taxpayers need to know in order to navigate the changes within the differing state tax systems.