New York State Business Tax Update: Draft Regulations and Beyond (Completed)

Date: Wednesday, May 27, 2020
Instructor: Christopher L. Doyle, K. Craig Reilly, Doran J. Gittelman
Begin Time:  7:00am Pacific Time
8:00am Mountain Time
9:00am Central Time
10:00am Eastern Time
CPE Credit:  2 hours for CPAs

The New York State Department of Taxation and Finance has issued draft Article 9-A Business Corporation Franchise Tax Regulations incorporating the changes made by the state’s corporate tax reform legislation contained in the 2014–2015 and 2015–2016 enacted New York State Budgets. This two-hour CPE webinar reviews those draft regulations and expands on the topics most impacted by New York State’s corporate tax reform.

Join Hodgson Russ LLP for a seven week Tax Series covering the most important New York State Tax Issues of 2020. Hodgson Russ’s experienced tax attorneys will provide insight into some of the most critical tax issues today, including what’s happening in state tax after the Wayfair decision, the impact of the COVID-19 and TCJA, New York State law changes and residency hot topics.

Who Should Attend
All CPAs, enrolled agents, tax return preparers, tax attorneys, and other practitioners who prepare New York State or City business tax returns and/or are responsible for preparing or advising on multistate returns for clients doing business in New York.

Topics Covered

  • Corporate Tax Reform Draft Regulations
  • Nexus
  • Business Income and Investment Income Definitions
  • Apportionment
  • Combined Reports
  • Discretionary Adjustments
  • Prior Net Operating Loss Conversions (PNOLCs)
  • Corporate Partners
  • Tax Credits
  • New York State vs. New York City Comparison

Learning Objectives

  • Identify New York State corporate tax reform
  • Identify the types of activities that subject a foreign corporation to New York State corporate tax
  • Describe New York's various types of income and capital
  • Identify key issues facing New York State corporate income taxpayers
  • Differentiate between New York State and New York City business taxes

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None

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