State Addbacks and Subtractions: Managing Rolling, Fixed Date, and Selective Federal Conformity
Recording of a 110-minute CPE webinar with Q&A
This webinar will detail the most frequent and recent additions and subtractions imposed by states when calculating taxable business income. Our panel of state and local tax experts will give examples of these required adjustments in specific states so that SALT advisers are aware of these when calculating and preparing multistate tax returns.
- How is state income tax calculated
- Why do states require such addbacks and subtractions
- Most common addbacks and subtractions
- Detail addback and subtractions for various states
- Separate or combined filings
- Audit issues
The panel will cover these and other key issues:
- Tracking depreciation differences in multiple states
- Handling state adjustments for Section 163(j) interest expense deductions
- What are the most common state additions and subtractions that SALT practitioners should be aware of?
- What methods do states use for calculating state taxable income?
George W. Rendziperis, JD
Mr. Rendziperis represents taxpayers in matters involving state income, franchise, gross receipts, sales and use,... | Read More
Mr. Rendziperis represents taxpayers in matters involving state income, franchise, gross receipts, sales and use, withholding, controlling interest transfer and real and personal property taxes, as well as unclaimed property and state tax credits and incentives. He also provides experienced counsel in state tax controversies, audit defense, and state tax litigation matters.Close
Jeanna Schenk, CPA, MST
Ms. Schenk has been in tax for 10 years, worked in Big 4 and mid-size public accounting firms (KPMG, Moss Adams) and... | Read More
Ms. Schenk has been in tax for 10 years, worked in Big 4 and mid-size public accounting firms (KPMG, Moss Adams) and right before joining REDW in June 2021, she was in industry for about 5 years (PACCAR Inc, Viad Corp). She is currently a SALT manager working mainly in the state income tax area.Close