State and Local Tax Considerations Under Current Federal Tax Law
Impact on High-Tax States, SALT Deduction Cap, Deemed Repatriation and Other Conformity Issues
Note: CLE credit is not offered on this program
Recording of a 110-minute CPE webinar with Q&A
This course will focus on the ripple effect of the new tax law on state taxation. The panel will discuss the limitations and removal of specific state tax benefits within the new tax law causing states to deviate from federal law to maintain or add benefits for individuals and businesses within state borders.
Outline
- Key provisions of federal tax law impacting state corporate and individual taxation
- Issues in evaluating conformity with new federal tax law
- Update on state legislative developments in response to tax reform
- Best practices in advising and preparing taxpayers for the state implications of tax reform
Benefits
The panel will review these and other critical issues:
- Practical strategies for analyzing the impact of current federal tax law on the various states
- The effect of deemed repatriation, GILTI, FDII and other federal tax law provisions on state taxpayers
- The state tax compliance issues created by current federal tax law
Faculty
Michael J. Cataldo
Shareholder
Cataldo Tax Law
Mr. Cataldo represents corporate and individual clients in state and local tax controversies across the country during... | Read More
Mr. Cataldo represents corporate and individual clients in state and local tax controversies across the country during audits, administrative appeals, litigation and settlement. He also provides state and local tax planning and transactional advice. His practice focuses primarily on state and local corporate income and franchise tax, sales and use tax, real property transfer tax, personal income tax and gross receipts tax imposed by jurisdictions throughout the country. He regularly represents and advises clients from a broad range of industries on issues such as nexus, apportionment, business/non-business income, unitary combined reporting, and the taxability and sourcing of transactions for sales and use taxes.
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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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