Why You Should Attend this 2-day Program:
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Review legislative, judicial, and administrative developments affecting corporate income and net worth taxes
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Examine the latest developments impacting the accounting and financial statement disclosure of state income taxes
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Learn the elements of state residency audits and the best techniques for responding to them
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Analyze the presumptive correctness of tax assessments and ways to rebut the presumption
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Explore the many issues surrounding burden of proof in alternative apportionment
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Review national best practices for defending against tax penalties
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Learn when sales and use tax disclosures in financial statements may be required
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Survey the latest developments in sales, use, and gross receipts taxes
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Assess sales and use tax trends affecting cloud computing, digital equivalents, and other hybrid transactions
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Analyze SALT implications of the major elements of potential federal tax reform
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Explore the MTC compact litigation and related refund opportunities
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Review critical audit issues being litigated across the country
Part One includes:
A session employing a topical format informed by legislative, judicial, and administrative tax developments, which provides an overview of current corporate income and net worth tax issues demanding the attention of taxpayers and taxing authorities. With a multistate focus, the speakers share an analysis of select state and local tax issues and emerging trends. You explore nexus, sourcing, deductions, exemptions, statutory and negotiated incentives, and state and federal law guidelines that limit the powers of the taxing jurisdictions and protect taxpayers.
Another session in which you hear from expert panelists who explore the practical aspects of a state residency audit and address important questions such as: Is there a place of abode? How many days has the taxpayer been in the jurisdiction? What are the docu- mentation requirements? Has the taxpayer established domicile outside the jurisdiction?
And a final session examining the presumptive correctness of tax assessments which has been debated for many years between state tax officials and corporate taxpayers. It is a subject that is rarely addressed in detail at national conferences. The presenters delve into this topic to provide you with background and advice. The panel discusses the deference provided to tax agency determinations, the burden on taxpayers to rebut the presumption (including the varying standards employed by the states), and exceptions from deference. Lastly, the panel reviews the most frequent suggestions for reform.
Part 1 Program Agenda:
9:15-10:15 am: Current Developments in Income and New Worth-based Taxes;
10:30-11:15 am: The Nuts and Bolts of a State Residency Audit;
11:20-12:20 pm: The Presumptive Correctness of Tax Assessments.
Moderator & Faculty with Affiliations:
Kendall Houghton, Alston & Bird LLP
Stephanie Anne Lipinski Galland, Williams Mullen
James P. Sweeney, Attorney At Law
John J. Coniglio, New York State Department of Taxation and Finance
Ken Zemsky, WTAS, LLC
Todd A. Lard, Sutherland Asbill & Brennan LLP
Sheldon Laskin, Multistate Tax Commission
Mark Sommer, Frost Brown Todd LLC
If you intend to take a course for CLE credit, please make sure your state is listed in the "Accreditation" section to the upper right of the program description. Accreditation displayed is unique to the purchased program format (live conference, live webcast, on demand, podcast). Credit totals listed for live conferences are the maximum credits available. Credits issued will be based upon actual time in attendance. Credit totals for other formats are for complete programs. Partial credit is not available for any online or downloadable format.
West LegalEdcenter will not provide accreditation for states not listed.
This product is intended for individual use by the named purchaser. Group viewings for online programs may be arranged for five or more attorneys within the same organization prior to viewing by emailing west.wlec-sales@thomson.com.