TEI - Detroit Chapter

All Day Seminar - State & Local Tax

  • 22 Apr 2008
  • 8:00 AM - 5:00 PM
  • MSU Management Education Center, Troy


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TEI – Detroit Chapter


State and Local Tax All Day Seminar


April 22, 2008


Michigan State University

Management Education Center

Troy, Michigan





Schedule and Topics for Discussion


8:00 A.M.              Continental Breakfast


8:30 A.M.               Welcome/Opening Remarks

Rob Clary (TEI)

Dave Turzewski, Partner, KPMG LLP, Detroit MI


8:45 A.M         State Tax Litigation and Current Developments


Ann Holley, Partner, KPMG LLP, Washington National Tax Office


Discussion Points:

·        Supreme Court state tax cases and other significant litigation

·        Nexus

·        Expense disallowance

·        Information reporting – making taxpayer’s do the states work

·        Combined reporting developments

·        Q&A


9:45 A.M.              Texas Margin Tax


                        Christopher Bajec, Senior Manager, KPMG LLP, Dallas TX


                        Discussion Points

·        Final Rules and FAQs issued by the Comptroller

·        Significant issues and considerations for taxpayers

·        What to expect from Austin

·        Q&A


10:30 A.M.            Coffee Break


10:45 A.M.      Ohio Commercial Activities Tax


Elizabeth L’Hommedieu, Senior Manager, KPMG LLP, Columbus Ohio
Joseph Servick, Manager, KPMG LLP, Cleveland OH


Discussion Points:
·        Bright line presence nexus

·        Current case law developments

·        Combined filings and requests to file separately

·        Taxable receipts

·        Sourcing issues

·        Credit conversions

·        General observations on audit practices and procedures

·        Q&A


11:30 A.M.            Michigan Business Tax


                        Michael Deal, Senior Manager, KPMG LLP, Detroit MI


                        Discussion Points

·        Recently added FAQs

·        Recent and proposed legislation

·        What’s next

·        Q&A


12:15 P.M.            Luncheon


1:00 P.M.              Recent Developments in California  


                        Kimberley Reeder, Principal, KPMG LLP, Mountain View, CA

                        Douglas Bramhall, Tax Managing Director, KPMG LLP, Phoenix, AZ


                        Discussion Points

·        Legislation

o       Political stalemate

o       Controlled foreign corporations and Subpart F income

o       LLC fee and treatment of refund claims

·        Regulations

o       Receipts from the treasury function

o       Dividends received by the water’s-edge combined group

o       Inclusion of receipts from services and intangible property in the sales factor

·        Litigation

o       Microsoft

o       JCPenney

o       Abbott Laboratories/River Garden

o       Cases addressing the amnesty penalty

·        Administrative

o       Tax credit audits

o       TAMs

o       Rulings – petitions under Cal. Rev. & Tax. Code § 25137

·        Q&A

1:45 P.M.                Recent Developments in New York


                        Russell Levitt, Managing Director, KPMG LLP, New York NY


                        Discussion Points

·        Corporate franchise tax combined reporting developments

·        Recent and proposed legislation

·        Taxation of corporate partners

·        Realty transfer and sales tax developments

·        Q&A


2:30 P.M.            Break


2:45 P.M.            Recent Developments in Illinois


                        Brian Kuler, Senior Manager, KPMG LLP, Chicago IL

                        Discussion Points:

·        Recent and proposed legislation

·        Recent and proposed regulatory changes

·        Case law developments

·        Q&A


3:30 P.M.               Accounting for State Income Taxes – FAS 109 and FIN 48


                        Moderators:    Dave Turzewski (KPMG) and (TEI)   


Panelists:            KPMG: Ann Holley, WNT

                                              Jay Frucci, Detroit MI


             TEI:  Rob Clary and others

Discussion Points:           
A look back at the recent year end experiences with accounting for state income taxes and the adoption of FIN 48  


4:30 P.M.               Wrap up – Rob Clary and TEI


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