The Essential Multistate Tax Update

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 and that may be costly for employers or clients. Understand the “who, what, when, and where” of nexus for income and sales tax.
Highlights

• Employees working in multiple states: withholding issues (when to start and where to withhold) and special issues depending on type of tax assessed in the state or locality
• 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 the Tax Cuts and Jobs Act by the states: presence of intangible property; is P.L. 86-272 still valid?
• 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: responsibilities of officers, members, partners, and shareholders; planning ideas and opportunities; updates on pending federal legislation relative to state tax