Mandatory Unitary Combined Reporting: Navigating Conflicting and Evolving State Rules
Latest Guidance on Regulatory and Enforcement Developments
Recording of a 110-minute CPE webinar with Q&A
This course will review the latest developments in combined reporting for state corporate income tax purposes for tax professionals and advisers. The panel will offer approaches to streamline compliance and address the challenges of sometimes contradictory and competing regulations requiring mandatory unitary combined reporting (MUCR) or discretionary combined reporting.
Outline
- Background issues, mandatory vs. elective combined reporting
- Recent state actions with combined reporting
- State laws
- Regulatory actions
- Court rulings
- Actions on forced, combined returns
- Enforcement policies on combinations and de-combinations in certain states
- Next states likely to act
Benefits
The panel will review the most challenging areas of combined reporting mandates, such as:
- Keeping up with the latest state actions in legislatures, revenue agencies, and courts, as well as the outlook for future moves on combined reporting
- Differentiating between states' definitions of the "unitary group" concept
- Navigating ownership thresholds and the inclusion of special entities such as insurance subsidiaries and REITs
- Addressing numerous states' regulations and compliance demands as a multistate company
- Understanding "non-mandatory" or "discretionary" combination
Faculty
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Katie Girmscheid, CPA
Managing Director, State and Local Tax
BDO USA
Ms. Girmscheid is a Senior Manager in BDO Chicago’s State and Local Tax Practice with over 9 years in public... | Read More
Ms. Girmscheid is a Senior Manager in BDO Chicago’s State and Local Tax Practice with over 9 years in public accounting. Katie specializes in on multi-state organizations, including complex multi-tiered partnerships, ensuring our clients meet all compliance requirements and deadlines. Most of her clientele are corporate entities with heavy state and international presence.
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Scott Smith, JD
Managing Director, National Tax Office, Technical Leader State & Local Tax
BDO USA
Mr. Smith is national technical leader of BDO’s State & Local Tax (SALT) practice. He sets BDO's policies... | Read More
Mr. Smith is national technical leader of BDO’s State & Local Tax (SALT) practice. He sets BDO's policies and positions on technical SALT issues, as well as thought leadership, brand visibility, training and risk management. Mr. Smith's SALT practice is the result of over 25 years of experience and is national in scope and focused on multistate tax consulting, representing clients in multistate SALT controversies, and advising clients with respect to their multistate tax planning. The main concentration of Mr. Smith's SALT practice is on corporate income and franchise taxes, but he has also advised and represented clients with respect to their sales and transactions tax needs as well. A significant amount of his representation focuses on helping clients on the state tax consequences of mergers and acquisitions, intra-group reorganizations, special purpose entities, and business planning.
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