Co-chaired by Paul H. Frankel, NYU's Institute on State and Local Taxation addresses all major areas of taxation and attracts attorneys, accountants, state tax officials, tax directors, tax managers, and other professionals seeking expert analysis of the latest technical, legislative, and planning developments.
Topics Include:
"Due Process – Significant Current Issues"
Speaker: Craig B. Fields
While there have been many advances in due process over the past several years, there are many critical issues that still need to be considered. This panel reviews some of the more significant recent developments in, and issues arising under, due process. The issues addressed include whether there is a denial of due process in states with bond-to-play and/or pay-to-play and in states where the record is made at an internal hearing, as well as whether the Tax Injunction Act should be amended so that it does not apply with respect to proceedings in those states. The panel also addresses whether FIN 48 and Schedule UTP affect due process.
"Combination – Constituional Issues, Policy Issues, Accounting Issues"
Speaker: Hollis L. Hyans
As more states have enacted and consider enacting combined reporting, a host of constitutional, policy, and accounting issues are raised. The panel explores a number of these issues, including the policy choices available to states in considering who is the taxpayer (e.g., Joyce/Finnigan, trapped credits, accounting methods, elections, and statute of limitations); adoption of a broad or narrow definition of unitary, elective combination; net operating losses; and coordination with federal consolidated return rules, such as intercompany sales, investment account adjustments, and earnings and profits.
"The Great Debate of The Great Issues"
Speaker: Philip M. Tatarowicz
Composed of nationally respected commentators representing the viewpoints of both government agencies and taxpayer disciplines, the panelist debates the critical state and local tax issues of concern to the multistate business community.