(CPE Savers) The Essential Multistate Tax Update

Code: CS-MST4

Date Tuesday, August 6, 2019
Time 8:30am - 12:00pm
Central Time
Location Minnesota Society of CPAs
1650 W 82nd St Ste 600
Bloomington, MN 55431-1458
Map & directions
 
CPE credits CPE 4.0
Field(s)
of study
Taxes - Technical (4.0)
Instructor Colleen Netzell, CPA, , MBT, JD
Copeland Buhl & Company PLLP
Fees
Standard member fee $99.00
checkmarkStandard nonmember fee $129.00

Members: Please log in to receive member fee.

Description

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, states are working furiously to overhaul their tax laws. As states look for additional revenue and focus on enforcement, you'll need to stay on top of the latest developments. In this half-day course, learn how to handle the complex topic of multistate taxation for individuals, pass-through entities and corporate taxpayers. Explore the latest issues and laws, and find out how to minimize tax liability, implement smart plans and stay in compliance with changing rules.

This course is part of the CPE Savers program, seminars led by new MNCPA instructors.

Who should take this program?

CPAs and tax professionals in public practice

Major subjects

  • Employees working in multiple states -- withholding issues (when to start and where to withhold) and special issues depending on type of tax assessed in the state or locality
  • Elimination of the physical presence standard in determining nexus (Wayfair case)
  • Economic nexus for remote sellers
  • Tax planning for remote sellers 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?
  • How states are handling the Tax Cuts and Jobs Act (TCJA) -- attributional and agency nexus, and the presence of intangible property
  • Public Law 86-272 -- is it still valid?
  • Pass-through problems -- nexus issues for interest owners
  • Tax reform Section 199A qualified business income (QBI) deduction and withholding issues for pass-through entities by states
  • Dealing with state nexus questionnaires
  • When to consider voluntary compliance -- responsibility of officers, members, partners and shareholders; planning ideas and opportunities; and updates on pending federal legislation relative to state tax

Learning objective(s)

  • 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 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

Notes:

Course code Code CS-MST4
Sponsor MNCPA
NASBA ID#: 139884
Level Update
Format Group Live
Prerequisites Prereq. Experience in corporate taxation recommended.
Advance
prep
None