Avoid Costly Nexus and Apportionment Traps
CD of Teleconference with Q&A
Click here for program outline
Conducted on Thursday, October 16, 2008
Now available on CD
Sponsored by State Income Tax Monitor,
Tax Incentives Alert and Sales & Use Tax Monitor
Tax Teleconference Advisory Board
Stock options and restricted shares are a popular employee incentive in the competitive U.S. marketplace. However, due to an increasingly mobile workforce, it’s all too easy for a company to unwittingly trigger costly state tax compliance and tax obligations in the process.
Many states aggressively enforce withholding requirements on out-of-state employers for workers who perform services within the state, yet state guidelines are generally fuzzy. Employers and their advisors must understand when withholding nexus arises and how to comply with various state standards.
In addition to the complexities of monitoring employee movement, understanding various state payroll laws, and applying them to equity-based compensation, employers may find that filing withholding taxes then exposes them to nexus inquiries for other types of state and local business tax.
Listen as our panel of experienced corporate tax advisors breaks down and clarifies the state tax implications of employee stock incentives including the specific risks your company faces.
The panel included:
Marlene Zobayan, West Coast Practice Leader, Global Rewards, Deloitte & Touche, San Jose, Calif. She has more than 15 years of international tax and benefits experience including U.S. and U.K. expatriate tax, compensation and benefits, and global equity experience. She speaks regularly on global stock plans and rewards issues.
Andy Gibson, Partner and National Practice Leader, Compensation and Benefits Group, BDO Seidman, Atlanta. He provides compensation, benefits and tax consulting services to public, private and tax-exempt entities. He sits on an AICPA steering committee on executive compensation and is Lead Partner in Atlanta for the firm's ERISA Practice.
Tom Geppel, Partner, Employment Tax Services Group, PricewaterhouseCoopers, New York. He had more than 18 years of experience in federal and state employment taxes and led an initiative on non-resident withholding compliance in New York State. He also has worked extensively on M&A and employment tax matters with Fortune 500 companies.
The panel reviewed these and other key questions:
- Dealing with conflicting state standards on withholding obligations and withholding amounts when it comes to stock options.
- Setting up a tracking system for the tax department to monitor the movement of highly compensated staff from state to state.
- Managing the apportionment formulas in states where stock-based compensation creates problems for the company.
- Preparing for potential state nexus inquiries for other business taxes.
TELECONFERENCE CD
Purchase a CD-ROM of the full conference proceedings, including Q&A and PDF files of all handouts (available 10 days after the program).
- Regular Price - $297 (plus $9.45 S&H)
- With Teleconference Registration – an additional $75 (plus $9.45 S&H)
Self-study CPE is not offered on CD purchases.
CONTINUING LEGAL EDUCATION
CLE credit is available for an additional $65 each for attorneys seeking CLE credits for NY or CT.
Other states may grant CLE credits for listening to this CD - check with your state about applying for self-study credit on CD-listening.
Click here for program outline