NEBRASKA SOCIETY OF
Certified Public Accountants
SERVING NEBRASKA AND ITS CPAS SINCE 1928
Surgent's Multistate Tax Update
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Online Registration Form
Date: July 28, 2020
Location: German American Society, Omaha
Course Time: 8:30 AM to 4:30 PM
Registration Begins: 8:00 AM
Summary
With the largest overhaul of the federal income tax code in 30 years and the repeal of the physical presence nexus standards for sales tax in the Wayfair case the states are working fast and furious to overhaul their tax laws. As some states scramble to fund their budgets, they continue to look for additional forms of revenue. You can't afford to ignore recent changes in state and local tax. Even tax-savvy businesses and their advisors often neglect to consider the consequences of state and local taxes. Multistate taxation is more complex and demanding than ever before. In addition to having their own unique tax laws, states have been more focused on enforcement. Plan to attend this fast-paced class that covers developing topics in state taxation, ranging from individuals to pass-through entities to corporate taxpayers. This class will focus on issues of small and middle market companies and offer guidance for minimizing tax liability and negotiating the treacherous waters of compliance.
Objectives
* Understand changes in state statutes, regulations and case law * Determine how the states will treat changes under the Tax Cuts and Jobs Act * Identify areas that may require additional attention for state tax planning purposes * Identify areas that may be costly for employers or clients * Understand the "who, what, when, and where" of nexus for income and sales tax
Highlights
* The domicile dilemma: Issues for individuals with homes in multiple states; traveling employees; where to withhold? * Emerging sales tax topics: Elimination of the physical presence standard in determining nexus (Wayfair case); economic nexus for remote sellers; assisting remote sellers in determining a plan of action in states that enforce economic nexus * Emerging compliance issues in the new sales tax economy * Income Tax (and other forms of tax): Economic nexus (taxation without physical presence) * Will states shift away from income tax and increase reliance on sales tax after Wayfair? * Treatment of Tax Cuts and Jobs Act by the states * Income-tax apportionment issues * Pass-through problems: Nexus issues for interest owners * Treatment of the 199A deduction for pass through entities by states * Practical considerations in dealing with multistate taxation: Dealing with state nexus questionnaires * When to consider voluntary compliance
Who Should Attend
Accountants who want an update on current multistate tax issues to minimize clients' potential state and local tax liability

Course Level Update
Prerequisites Experience in corporate taxation
Course IDMSTU
Discussion LeaderSurgent - John Kilroy
CPE Credit8
Additional Information: Parking and lunch are provided on-site.
Fee: $300 - Society Member
$350 - Society Nonmember
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