Charles Wakefield spoke during two sessions titled “Jurisdiction and Nexus” and “Ethical and Procedural Issues in Managing the State Tax Function.”
State and local tax practitioners will obtained in-depth analyses of current developments in state income taxation of multistate business, explored the planning opportunities arising therefrom, and learned practical approaches to the major issues in state and local taxation today.
Jurisdiction and Nexus: The latest interpretations by the states and the Multistate Tax Commission of Wrigley and Quill. State tax treatment of passive investment companies, financial institutions, service companies, credit card and Internet activities. Effect of having sales reps working at home, officers residing in-state, deliveries in company and third-party trucks, leased or mobile property, in-state affiliates, and other in-state activities. Impact of voluntarily registering to do business in a state. The growing use of economic nexus standards and their application in the income tax arena. Potential effect of the Wayfair case. Planning ideas for minimizing state income taxes.
Ethical and Procedural Issues: Ethical and strategic dilemmas involved in conducting state income tax audits and running the state tax department, including application of ethical standards set by the AICPA, ABA, state CPA societies and bar associations. Determining the availability of refunds and the associated procedural requirements, such as payment under protest and “pay to play.” Writing a protest; alternative dispute resolution; the right to an administrative appeal. Statute of limitations issues, including the effect of RARs, waivers, settling with the IRS, and choosing the date from which the limitations period should be measured.
May 8-9, 2018
Doubletree Ocean Point Resort & Spa