New Jersey and surrounding states confront significant legislative updates affecting income, sales and use, and corporate taxes. Learn the latest developments, including significant attention to pass through entity taxes, e.g., BAIT (NJ), PTET (NY), PA and others.
CPAs in all firms as well as sole practitioners and financial officers of businesses with multistate transactions.
Opening Remarks by Conference Co-Chairs
Debra M. Simon, CPA, M.S.T. and Alan J. Preis, CPA
Multistate Tax Update
Jeffrey A. Friedman, J.D., LL.M. – Eversheds Sutherland LLP
This presentation will address the most significant state and local tax litigation and legislation that has taken place across the nation in the past year affecting income, sales and use, and business activity taxes. This session will highlight important developments in the areas of:
- Combined reporting
- Taxation of foreign source income
- Sales and use taxation, including marketplace facilitator developments
- Taxation of digital advertising
New Jersey Government Update
John J. Ficara, CPA – New Jersey Division of Taxation
James J. Fruscione, MA, MPA, MS, CPM, CIP – New Jersey Division of Revenue and Enterprise Services
Hear from the New Jersey Divisions of Taxation and Revenue/Enterprise Services about essential changes, updates and adjustments that will impact services within the divisions. Practitioners will not only hear firsthand about issues, but gain understanding of the challenges the divisions are facing so that practitioners can realistically prepare clients to anticipate issues and responses. These presentations are vital to practitioners as the two divisions, while having distinct and important roles, mesh with regards to taxation. Understanding the roles can help practitioners navigate clients’ New Jersey issues effectively. Time will be allotted for Q&A with the directors.
Pass Through Entity Taxes: The State of the States
Open Weaver Banks, Partner - Hodgson Russ LLP
Debra Silverman Herman, Partner - Hodgson Russ
William Turkovich, Senior Associate - Hodgson Russ
More than a third of states have enacted or are proposing to enact pass through entity taxes. These taxes are designed to create a workaround to the federal cap on individual state and local tax deductions that became the law as part of the 2017 Tax Cuts and Jobs Act. This program will focus on the different pass through entity tax regimes, including some of the idiosyncrasies of different state frameworks and common issues that tax professionals are encountering.
New Jersey Tax Update
James B. Evans Jr., CPA, J.D., LL.M. – Kulzer & DiPadova, P.A.
This session will review developments affecting New Jersey taxpayers including new laws, regulations, administrative rulings and state tax cases. Explore the latest New Jersey tax compliance issues and tax planning strategies.
2021 New York Tax Round-Up
Eugene Ruvere, CPA, Partner - Citrin Cooperman
While New York’s pass-through entity tax may have taken the spotlight during 2021, there was plenty of other action on the New York tax stage. This session will COVER hot topics, including New York State corporate and personal income tax issues, sales tax matters, and New York City business taxes considerations.
Choosing Your State: Retirement Planning with Tax Residency
Barry Horowitz, CPA, MST, Partner - Withum
Jason Rosenberg CPA, CGMA, EA, MST - Withum
With an acceleration of individuals moving from high taxed states to lower taxed states, tax residency is front and center for those contemplating succession planning, the sale of a business, and inevitably retirement. This webinar will explore a number of issues with respect to personal income tax, such as tax residency, wage allocation and withholding, business owner income allocation,, deferred compensation and estate and inheritance taxes, among a host of other considerations. Join Barry Horowitz and Jason Rosenberg as they examine the latest developments and discuss a number of different state tax considerations with respect to retirement planning.