This virtual conference will be broken up into two 4-hour days (8:20 am - 12:30 pm on November 3 and 8:20 am - 12:00 pm on November 4).
Please note that when you register for this conference you are automatically registering for both days.
State Tax 360° is the educational and networking experience tax professionals in Connecticut have been waiting for! In this fresh approach, local experts in state taxation will discuss the latest topics and answer your questions. Participants will then have a series of local resources to turn to when that sticky tax issue arises. State Tax 360° is a great opportunity to learn about high-level topics, network with other professionals, and bring additional value to your clients.
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Wednesday, November 3
Presented by: Mark D. Boughton - Commissioner of the Connecticut Department of Revenue Services
Revenue Services Commissioner Mark Boughton will reflect on his first year and discuss current initiatives, including recent state legislation and progress on the agency’s multi-year modernization initiative that is improving the customer’s experience. Commissioner Boughton will also look ahead to potential 2022 tax topics and answer questions from members
Presented by: Louis B. Schatz - Partner, Shipman & Goodwin LLP
This session will provide a detailed summary of the Connecticut tax law changes adopted by the 2021 legislative session. In addition, the session will review recent administrative guidance issued by the Connecticut Department of Revenue Services as well as recent Court decisions impacting Connecticut tax law.
Moderated by : Tony Switajewski - State and Local Tax Principal at CLA (CliftonLarsonAllen LLP)
John Biello - Deputy Commissioner, Connecticut Department of Revenue Services
John Ficara - Director, New Jersey Division of Taxation
Rebecca Forter - Deputy Commissioner, Tax Policy Division, Massachusetts Department of Revenue
Neena S. Savage - Tax Administrator, Rhode Island Department of Revenue, Division of Taxation
Representatives from the state tax departments will discuss important administrative, operational, and state tax developments.
Presented by: Patrick J. Duffany, JD, CPA - Managing Partner – Tax at CohnReznick
Jennifer Whalley - Manager – State Tax at Amphenol Corporation
An update on nexus and sourcing rules that are creating income and sales tax filing requirements in other states for Connecticut based businesses.
Thursday, November 4
Presented by: Helen Hecht - Uniformity Counsel, Multistate Tax Commission
The federal Bipartisan Budget Act of 2015 created a new centralized partnership audit regime for large partnership audits of years beginning January 1, 2018. The IRS has issued regulations and forms, as well as other guidance, describing how the process will work—including how the partnership may be assessed for taxes on federal adjustments. As a result, states have had to take steps to make sure they can assess state tax related to those federal adjustments, especially where the partnership pays the tax or elects to use the new “push-out” method. The Multistate Tax Commission created a model law, in conjunction with the AICPA, the ABA, and others. This presentation will give a summary of how that model law works and what partnerships may expect when they undergo a federal tax audit that results in federal adjustments.
Presented by: Elizabeth Pascal - Partner at Hodgson Russ LLP
In response to the $10,000 cap on state and local tax deductions imposed by the Tax Cuts and Jobs Act (TCJA) in 2017, a number of states have passed so-called SALT deduction workaround taxes, imposing state income tax on passthrough entities (PTEs) rather than their owners. Connecticut was a pioneer, passing its PTE tax in 2018. Since that time, both New Jersey and now New York have passed their own versions of a PTE tax. In this session, we’ll compare the New Jersey and New York versions of the PTE tax with Connecticut’s tax and examine the similarities and differences among the three tax regimes. We’ll go through some specific examples to see how the different taxes might play out differently, depending on whether the entity is a partnership or an S corporation, how it is owned, and in which states it does business. Finally, we’ll look at some unanswered questions and concerns, particularly with the newer PTE taxes in New Jersey and New York, and a few lessons learned after three years of Connecticut’s PTE tax.
Presented by: Timothy P. Noonan - Partner at Hodgson Russ LLP
Prior to Covid, almost all states took the position that an employee’s physical presence dictated where tax was due, with only a handful employing “convenience rules” that imposed tax based on the employer’s location. But with the nationwide shift to remote work, some states decided not to change the employee’s income tax obligations (and/or the employer’s withholding obligations) based on the employee’s temporary work in their home state—creating essentially “convenience-type” rules for personal income and withholding tax purposes. But others decided to keep their physical-presence rules and impose tax based on where the employee was working, even if they were working from home. The result: a hodge-podge of inconsistent state rules with different start and end dates, often resulting in double taxes on the same income. In this session, we’ll talk specifically about what Connecticut and New York are doing on the topic, and also outline the different positions states are taking and go through some real-life examples to help employers and employees navigate these complex issues.
Non-Member Price $394.00
Member Price $269.00