Advanced Multistate Taxation of Partnerships and Individual Partners
Business vs. Nonbusiness Income Characterization, Reconciling Conflicting State Tax Treatments and More
Note: CLE credit is not offered on this program
A live 110-minute CPE webinar with interactive Q&A
This webinar will give partnership tax advisers a thorough and comprehensive exploration into advanced multistate tax issues facing partnerships with income or operations in multiple states. The program will provide tax advisers and professionals with a detailed and practical guide to critical state tax issues and trends impacting individual partners owning shares of multistate partnerships. The panel will discuss critical questions such as whether the character of pass-through income is determined at partner or partnership level, and whether to consider the pass-through income on an "aggregate" basis or at the "entity" basis.
Outline
- Allocation vs. apportionment of partnership income
- Business vs. nonbusiness income: differing state approaches
- Aggregate vs. entity approach
- States providing option of composite return
- State requiring withholding on nonresident partners
Benefits
The panel will discuss these and other critical matters:
- States that require business/nonbusiness income determination at partner vs. partnership level
- Partnership income on aggregate basis vs. entity basis
- Apportionment under the aggregate approach
- State withholding
Faculty
Elil Shunmugavel Arasu
STS-SALT Managing Director
BDO USA
Ms. Arasu has more than 15 years of state tax consulting experience within a public accounting environment and... | Read More
Ms. Arasu has more than 15 years of state tax consulting experience within a public accounting environment and concentrates on income and franchise tax issues such as nexus, state tax base modifications, apportionment of income, business/non-business income, unitary taxation, gross receipt taxes, allocation of partnership items, and state filing options. Ms. Arasu consults on all aspects of state income tax, including participating in M&A transactions, due diligence reviews, representation on state tax controversy matters, and assisting companies with state tax compliance and state tax accrual reviews. She has worked with Fortune 1000 and mid-size companies in industries such as manufacturing, retail, healthcare, hospitality, real estate, technology, and transportation.
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David LaRosa
State and Local Tax Senior Manager
BDO USA
Mr. LaRosa has 10 years of both federal and state tax experience, primarily at a big 4 accounting firm. He has... | Read More
Mr. LaRosa has 10 years of both federal and state tax experience, primarily at a big 4 accounting firm. He has extensive experience with pass-through entities state compliance and consulting related to the sale of such entities. Mr. LaRosa also manages sophisticated multinational compliance engagements and has extensive experience in preparation and review of ASC 740 for state provision purposes. He also assists clients in voluntary disclosure agreements, audit defense and state nexus/sourcing studies. Mr. LaRosa has served clients in various sectors, including pharmaceuticals, software, staffing, hospitality and retail.
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CPE credit processing is available for an additional fee of $39. CPE processing must be ordered prior to the event.
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Live Webinar & CPE Processing
$236