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
