Join us for an in-depth seminar on the latest updates and key issues in New Jersey and New York State taxation, as well as new federal reporting requirements.
DESIGNED FOR
Accounting professionals who perform individual and corporate taxation work
BENEFITS
- Receive the latest updates on the New Jersey Business Alternative Income Tax (NJ BAIT), including the 2023 sourcing changes and efforts to address the Sub-S sourcing penalty.
- Dive into hot topics like New York residency audits, challenges to the convenience rule, personal income tax issues and New York City business tax audit updates.
- Learn what CPAs need to know about the new beneficial ownership information (BOI) requirements, filing deadlines and how to best support your clients.
- Understand recent legislative changes and best practices for managing New Jersey inheritance tax complexities.
HIGHLIGHTS
What Is the NJ BAIT?
- Update on NJ BAIT since January 2020
- Continued Developments in the SALT cap workaround
- Major changes that took place with sourcing effective for 2023
- What is being done to fix the Sub-S sourcing penalty
New York State Tax Update
- Hot topics in New York residency audits
- Update on New York convenience rule challenges
- New York personal income tax issues
- Current New York audit initiative: like-kind exchanges
- New York City unincorporated business tax audit developments
BOI Reporting
- Latest information regarding BOI and handling clients’ needs
- Key elements of BOI reports for CPAs to know
Federal Tax Update
- Recent legislation, rulings and developments affecting business and individual taxpayers
- Updates for the upcoming tax season
New Jersey Inheritance Tax for Individuals
ADDITIONAL NOTES
The Essex Chapter is sponsoring a food drive during this event. Your donation of non-perishable food items are greatly appreciated, or you can purchase a bag of groceries on site for $5! All contributions will be sent to the Human Needs Food Pantry of Montclair.
For course materials, please visit My Events. Handouts are added as received; remember to check back for updates.