Zach Gladney and Michael Giovannini will speak at this program hosted by the Council On State Taxation (COST).
Zach Gladney will serve as a panelist during the session “Jurisdictional Nexus.” The ability of a state to impose a corporate income tax is limited in a number of different ways. This session will explore limits on state taxation that are imposed by the Due Process Clause, the Commerce Clause, P.L. 86-272, and specific state statutory and constitutional restrictions. Students will test and build on the key concepts learned in this class by breaking into small groups to discuss a case study.
Michael Giovannini will serve as a panelist during the session “Emerging Issues Associated with Unclaimed Property.” States are getting more aggressive in the unclaimed property area. They are
shortening their dormancy periods, asserting claims to new types of obligations, and hiring contingent fee auditors. Some states use unclaimed property as a source of revenue rather than acting as trustee for the true owners. While unclaimed property is not a tax, a company’s tax function frequently owns the audit. Just when you thought dealing with a state income or transactional tax audit can be burdensome, wait until you wrestle with an unclaimed property audit with no statute of limitations or uniform procedures, limited protest rights, and very little guidance. This session will provide an overview of the states’ unclaimed property practices and cover recent unclaimed property legislation and litigation. It will bring you up to date on the latest unclaimed property issues.
Click here to learn more about the State Income Tax School.