Entering The Nexus Zone

State Income Tax Nexus -
An Issue Marine Manufacturers Cannot Afford to Ignore

CD of Live, Interactive Teleconference

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What is a teleconference?

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CD of Live 90-Minute Telephone Conference
with an Interactive Q&A Session

Conducted on September 7, 2005

Now available on CD

Presented by the National Marine Manufacturers Association in conjunction with Strafford Publications

How much money must be raked from your bottom line before you take strong action on a tax problem? $10,000? $50,000? $100,000?

Commonly, the state's case is based on the concept of "nexus" – the authority to tax an out-of-state company’s profits or gross receipts if a company's business activities fit the standard of legal "presence."

Although "nexus" is well established in law and regulation, the concept can be tough for even a well-educated layman to grasp -- and it's even tougher to stay current with the ever changing and numerous state standards.

Listen as our expert panelists help you unravel the complexities of nexus and offer strategies for avoiding surprise tax bills. They'll answer these and other key questions:

Why do states seem to be pursuing back taxes more aggressively now, given that many NMMA members have employed essentially the same business practices for years without arousing revenue agencies’ ire?

Which states seem to be particularly tough right now on the marine manufacturing sector? How similar or dissimilar are different states’ laws and regulations regarding income/franchise tax nexus?

Which sorts of business activities are likeliest to draw the attention of state auditors? Could a company’s direct sales to marine dealers and/or distributors, employment of regional sales managers in other states, or performance of warranty repairs through third parties trigger a huge tax bill?

What should and shouldn’t your company do if you receive a tax notice from the state? What resources are available to help fight your battle and handle future tax compliance, and how affordable are they?

What steps can your company take to minimize future exposure to state income/franchise tax bills?

Our expert panelists -- each of whom is extremely well-versed in the idiosyncracies of state income tax nexus -- include:

Don Griswold (moderator/commentator), is a partner with the law firm of McDermott Will & Emery in Washington, DC and a nationally known expert on state income tax nexus. His practice is focused on multi-state corporate tax controversies and tax consulting and planning. He was previously national partner-in-charge for state and local tax technical services at a Big Four accounting firm.

Gregg Barton, is a partner with the law firm of Perkins Coie in Seattle. As a member of the firm's state and local tax practice group, he provides state tax advice, assists with audits, handles administrative appeals, and litigates state tax issues. His areas of emphasis include state and local tax planning and multi-state electronic commerce nexus issues.

Patrick Derdenger, is a partner with the law firm of Steptoe & Johnson in Phoenix. In his extensive multi-state tax practice, he advises and represents business clients on corporate and individual income, sales and use and property tax matters. His practice includes advising clients on their multi-state and international income tax responsibilities.

Bob Heller, is a principal in Ernst & Young's state and local tax group in Seattle. With more than 20 years of experience, he has assisted companies in successfully managing their state and local tax obligations through organization and transaction structuring, process improvement reviews and implementation, and effective representation before tax authorities.

Don Kovacic, is an independent state and local tax compliance and planning consultant in San Diego. A practicing attorney and CPA, as well as an adjunct college finance professor, he has extensive experience with state and local taxation. He previously served as western director of the state and local tax practice of an international service firm and as vice president of tax for one of the world's largest publicly traded real estate companies.

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TELECONFERENCE CD

Special NMMA Member Rate CD

NMMA Regular Registration Price - $247

CD Regular Rate

Regular Registration Price - $297

With Teleconference Registration – an additional $75

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What is a teleconference?

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