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Date / Time / Location

Monday, December 10, 2018
8:30 AM - 4:30 PM
Registration: 8:00 AM

NJCPA Education Center425 Eagle Rock Avenue,
Roseland, NJ 07068
973-226-4494

CPE Credits

  • 8.00 CPE Credits in TX

Pricing

  • $279.00 - Member
  • $379.00 - Non Member

Course Developer

With the largest overhaul of the federal income tax code in 30 years and the repeal of the physical presence nexus standards for sales tax in the Wayfair case the states are working fast and furious to overhaul their tax laws. As some states scramble to fund their budgets, they continue to look for additional forms of revenue. You can’t afford to ignore recent changes in state and local tax. Even tax-savvy businesses and their advisers often neglect to consider the consequences of state and local taxes. Multistate taxation is more complex and demanding than ever before. In addition to having their own unique tax laws, states have been more focused on enforcement. Plan to attend this fast-paced class that covers developing topics in state taxation, ranging from individuals to pass-through entities to corporate taxpayers. This class will focus on issues of small and middle-market companies and offer guidance for minimizing tax liability and negotiating the treacherous waters of compliance.

Designed For

Accountants who want an update on current multistate tax issues in order to minimize clients' potential state and local tax liability.

Benefits

  • Understand changes in state statutes, regulations and case law
  • Determine how the states will treat changes under the Tax Cuts and Jobs Act
  • Identify areas that may that may require additional attention for state tax planning purposes
  • Identify areas that may be costly for employers or clients
  • Understand the “who, what, when, and where” of nexus for income and sales tax

Highlights

  • The domicile dilemma: issues for individuals with homes in multiple states; traveling employees; where to withhold?
  • Emerging sales tax topics: Elimination of the physical presence standard in determining nexus (Wayfair case); economic nexus for remote sellers; assisting remote sellers in determining a plan of action in states that enforce economic nexus
  • Emerging compliance issues in the new sales tax economy
  • Income Tax (and other forms of tax): Economic nexus (taxation without physical presence)
  • Will states shift away from income tax and increase reliance on sales tax after Wayfair?
  • Treatment of Tax Cuts and Jobs Act by the states: Attributional and agency nexuspresence of intangible property; is P.L. 86-272 still valid?
  • Income-tax apportionment issues: Prevalence of the single sales factor; determining the type of property being sold; sourcing of income from intangible property and services; sourcing of service income; Market Based versus Cost of Performance
  • Pass-through problems: Nexus issues for interest owners
  • Treatment of the 199A deduction for pass through entities by states: Withholding issues; sourcing of income; taxation at the entity level
  • Practical considerations in dealing with multistate taxation: Dealing with state nexus questionnaires
  • When to consider voluntary compliance: Responsibility of officers, members, partners, and shareholders; planning ideas and opportunities; updates on pending federal legislation relative to state tax

Prerequisites

Experience in corporate taxation.

Advance Preparation

None

Additional Notes

Course materials will be distributed electronically. To access, visit your My Events page. Download to your laptop or tablet prior to your seminar.
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Jack Rothstein

Jack Rothstein, CPA

Jack Rothstein spent 27 years in the Florham Park, NJ, office of PricewaterhouseCoopers LLP, including 20 years as partner. There, Jack was in charge of the NJ State and Local Tax practice, servicing a broad range of businesses and gaining experience with most major industries. Jack deals with many state and local taxes, including corporate income, personal income, sales and use, net worth, franchise, gross receipts, payroll, litter, personal property, realty transfer, spill, commercial rent and occupancy, and petroleum fuel taxes. Projects include audit representation; preparing protest letters, opinion letters, and ruling requests; conducting multistate studies on state and local tax matters; negotiating voluntary disclosure agreements; securing refunds in the corporate income tax and sales/use tax areas; and tax planning for clients in various states. Jack is a member of the New Jersey Society of CPAs, winning its 2003/2004 Leadership Award. He was previously a trustee and chairman of its State Tax Committee. Jack frequently spoke at conferences sponsored by the Tax Executives Institute, National Business Institute, NJ Society of CPAs, Foundation for Accounting Education, and others. Jack’s many taxation-related articles include several published in Interstate Tax Insights and State Tax Notes. He served on the Tax Committee of Governor Whitman’s Economic Master Plan Commission and in the NJ State Treasurer’s Tax Advisory Group, and has testified at Senate Committee hearings regarding NJ tax law changes. Currently, Jack is an adjunct professor at Fairleigh Dickinson University and St. John’s University, teaching Masters-level courses on taxes.

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Pre-Registration Closed

Online pre-registration for this event is now closed.