New York State and City Tax Issues: Top Tax Issues Impacting Businesses and Business Owners Operating in New York
Choice of Entity, Nexus, Apportionment, Sales Tax, and Other Considerations
Note: CLE credit is not offered on this program
Recording of a 110-minute CPE webinar with Q&A
This course will explain the unique aspects of New York State and City taxation when compared to the laws of other jurisdictions. Our expert will guide SALT professionals and business owners through a summary and evaluation of key issues within New York's corporate tax, sales tax, withholding tax, and partnership tax laws. Emphasis will be placed on high-dollar value issues that commonly arise in litigation, as well as issues that are sometimes missed, and important tax considerations for anyone operating a New York business.
Outline
- Doing business in New York--an overview
- New York State and City's response to federal tax reform
- Nexus thresholds
- Sales tax considerations
- Payroll tax considerations
- Choice of entity
- Selling a business
- Other considerations
Benefits
Our speaker will review these and other vital issues:
- What are the considerations in deciding what type of entity to use to operate a New York business?
- What are some of the key New York corporate income tax issues in light of New York's corporate tax reform regulations?
- What are a few of the "traps for the unwary" under the New York State and New York City tax laws?
- What are some of the salient New York sales tax issues that SALT professionals need to understand?
- How did New York conform or not conform to the Tax Cuts and Jobs Act?
- What do SALT professionals need to know about New York's whistleblower law as it applies to New York taxes?
- What are some New York withholding and unemployment insurance issues for businesses?
- What are personal income tax issues for owners of New York businesses, and what considerations should be taken into account when selling a New York business?
Faculty
Jeffrey S. Reed
Partner
Kilpatrick Townsend & Stockton
Mr. Reed chairs the firm's State and Local Tax Practice. He helps tax directors, business owners, and individuals... | Read More
Mr. Reed chairs the firm's State and Local Tax Practice. He helps tax directors, business owners, and individuals manage state and local tax risks and exposure, including assessing the strength of corporate tax positions, evaluating whether charges are subject to sales tax, and representing taxpayers in disputes with revenue agencies throughout the U.S. He brings a practical, pragmatic approach to state and local taxation, one that takes into account reserve considerations, legal and administrative guidance, and anticipated revenue agency responses. He is particularly experienced with New York and Massachusetts tax controversies, corporate tax planning, assessing the anticipated state tax consequences of mergers and acquisitions, and analyzing the taxability of electronic commerce and emerging business models. He has resolved disputes with most tax agencies in the United States, and also has broad experience with IRS audits and appeals, and unclaimed property.
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