State Tax Annual Update (Completed)

Date: Wednesday, December 11, 2019
Instructor: Michael Bannasch
Begin Time:  12:00pm Pacific Time
1:00pm Mountain Time
2:00pm Central Time
3:00pm Eastern Time
CPE Credit:  2 hours for CPAs
2 hours Federal Tax Updates for CTEC

Don't Forget State and Local Tax Changes in Year of Big Tax Developments
State and local taxes never stand still. It can be a full-time job to keep track of all the new legislation, court cases and administrative pronouncements from the states. Who has time to do that? Luckily for you, we have done the dirty work and are here to present to you the top changes from the past year that you need to know.

Who Should Attend
CPAs and tax practitioners in public practice or in industry who advise on or are responsible for state tax planning and compliance.

Topics Covered

  • State reactions to Federal tax reform
  • States recently adopting combined income tax filing requirements
  • States recently adopting changes to apportionment formulas and/or market-based sourcing of services
  • Prominent court cases on income/franchise tax issues
  • States recently changing sales/use tax laws re: taxable vs. exempt transactions
  • Prominent court cases on sales/use tax issues, including Wayfair

Learning Objectives

  • Recognize and implement new law to state income tax returns to be filed in the upcoming tax season
  • Identify new income tax planning opportunities as a result of changes of sales sourcing rules for services
  • Differentiate issues to pay attention to when advising re: sales tax compliance in a post-Wayfair environment

Level
Update

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
Basic understanding of state and local taxes.

Advance Preparation
None

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