Mastering Multi-State Taxation of S Corporations: State Variances in Recognition of S Elections and QSSS
Recording of a 110-minute CPE webinar with Q&A
This course will provide tax preparers and advisers with detailed guidance on the most pervasive issues facing multi-state taxation of S corporations. The panel will detail those states that vary from automatic acceptance of the federal S election, review the composite return requirements, and discuss calculations, adjustments and filing requirements for those states where the S election fails and a composite return is not available. The panel will also outline state variances in tax treatments of Qualified Sub-Chapter S Subsidiaries (QSSS).
- Current landscape of state treatment of S corporations
- States with full conformity with federal S election
- States with partial conformity with federal S election
- States with intentional nonconformity with federal S election
- S corporations with nonresident shareholders
- Apportionment and allocation questions
- Taxation of nonresident shareholders
- Composite return requirements
The panel will review these and other key issues:
- What are the current state-by-state mechanics for nonresident S corporations?
- What are the composite return and consent rules in the case of S corporations with nonresident shareholders?
- What are the major state trends for QSSS recognition?
- What calculations, adjustments and schedules need to be maintained in the case of multi-state filings where one state does not recognize S corporation status?
Karen Harriger Currie
Ms. Currie’s practice involves a wide range of tax matters. Her roots are in multistate taxation and she also... | Read More
Ms. Currie’s practice involves a wide range of tax matters. Her roots are in multistate taxation and she also represents clients on myriad tax issues including corporate taxation, M&A, unitary, consolidated and combined reporting, nexus, apportionment, and related controversy and compliance matters. She regularly writes and speaks at conferences on a variety of state tax topics. She is a member of the editorial board and a contributing author for RIA's Business Entities Journal and The Journal of Multistate Taxation and Incentives.Close
Habif Arogeti & Wynne
Mr. Glickman is the partner-in-charge of his firm's State & Local Tax (SALT) practice. He has over 15... | Read More
Mr. Glickman is the partner-in-charge of his firm's State & Local Tax (SALT) practice. He has over 15 years of SALT consulting experience, assisting domestic and international clients in all industries with multistate tax issues, including income/franchise, sales/use, real estate transfer and recording, withholding, and other state and local taxes. His practice focuses on transactional matters for corporations and pass-through entities, and he has extensive experience structuring business transactions and operations to minimize multistate tax liabilities, performing SALT due diligence and nexus reviews, and advising companies on the SALT implications of mergers, acquisitions, joint ventures, internal restructurings, technology outsourcing arrangements, and general business operations. He authored articles and is a frequent lecturer on SALT topics.Close
David Seiden, CPA
Mr. Seiden is the partner-in-charge of the firm’s State and Local Tax Practice, and brings more than 25... | Read More
Mr. Seiden is the partner-in-charge of the firm’s State and Local Tax Practice, and brings more than 25 years of expertise in all areas of SALT. Prior to joining his firm, he was the founding partner in a NY-based SALT consulting firm, SALT Link, LLC, and before that, he spent 17 years as a SALT partner at a Big Four accounting firm. He has expansive expertise helping businesses navigate the complexities of multi-state income and franchise taxes, sales tax, payroll tax, and property tax. He regularly writes articles and serves as a media resource on a multitude of tax-related topics.Close
Access Anytime, Anywhere
CPE credit is not available on downloads.