California SALT Developments: PTE Election Eligibility, Interpretation of P.L. 86-272, Sales Tax Compliance
Note: CLE credit is not offered on this program
Recording of a 110-minute CPE webinar with Q&A
This webinar will cover critical state tax developments in California for tax advisers working with companies who may be liable for California income/franchise, sales and use, and/or other state and local taxes. Our presenters will explore the following topics: the California’s current response to the Multistate Tax Commission’s (MTC) most recent revision to its Statement of Information on P.L. 86-272 and how it impacts taxpayers; the California Pass-Through Entity Tax (CA PTET) election and key issues to consider; California’s new tax basis capital account reporting requirement; recent case law involving the California tax implications to the sale of a partnership and/or S-corporation interest; and other current issues. These topics should be of interest to tax advisers with clients that do business in California.
Outline
- California SALT: introduction
- Nexus developments
- The pass-through entity election
- California's interpretation of P.L. 86-272
- Sales tax enforcement
- Other issues
Benefits
The panel will cover these and other critical issues:
- California's narrow interpretation of P.L. 86-272
- Eligibility for the PTE election
- Specific activities that create nexus in California for income and sales and use tax
- Latest nexus challenges in California
Faculty
Heather M. Le Clair, JD, LLM
Managing Director, Tax
Armanino
Ms. Le Clair is a managing director in the Armanino National State and Local Tax practice and co-Lead of the National... | Read More
Ms. Le Clair is a managing director in the Armanino National State and Local Tax practice and co-Lead of the National Sales and Use Tax Practice. She is located in the New York office. Ms. Le Clair has 19 years of indirect tax experience with a concentration is sales and use tax and New York City Commercial Rent Tax. Her areas of focus include navigating client controversy planning and audit defense, tax minimization planning, lookback reviews, nexus footprint studies, general consulting, compliance support, and process improvement process. Prior to joining Armanino, Ms. Le Clair was a senior manager at Ernst and Young LLP serving clients in the fintech and financial services sector. She is a graduate of the Boston University School of Law with an LLM in taxation and Capital University Law School with a JD.
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Brandee A. Tilman, JD, LLM
Partner, State & Local Tax
Armanino
Ms. Tilman is Armanino’s National State & Local Income Tax practice leader. She brings over 20 years of... | Read More
Ms. Tilman is Armanino’s National State & Local Income Tax practice leader. She brings over 20 years of experience in multistate corporate income tax, controversy, audit representation, settlement negotiations, planning, reorganizations, mergers, acquisitions, compliance and tax provisions. Ms. Tilman also has experience helping clients with personal income tax matters, including state residency planning and income sourcing. She helps clients obtain private letter rulings, handle voluntary disclosure agreements and negotiate alternative apportionment relief. Ms. Tilman serves clients in various industries, with a particular focus on entertainment and consumer products.
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