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Learning from the 2019 Survey of State Tax Departments – Corporate Income & Pass-through Entity Taxation

Venue

This is a virtual event, accessible online and over the phone. Access instructions will be provided after registration.

Description

For the 19th consecutive year, Bloomberg Tax has sought to clarify each state's position on nexus by sending their annual Survey of State Tax Departments to senior state tax department officials in the District of Columbia, New York City, and the 46 states that impose a corporate income tax. In addition to nexus, the questionnaire asked officials about their state's tax sourcing rules, treatment of pass-through entities, states’ responses to federal tax reform, and requirements for reporting federal changes. Nearly every state participated in this year’s survey.

This year, the survey was expanded to include questions addressing federal partnership audit rules and local corporate income taxes.

This webinar will take a closer look at the recent trends in state corporate income taxation and taxation of pass-through entities, analyze the survey results in these areas, and provide a discussion on recent changes in states’ taxation of corporations and pass-through entities.

Educational Objectives:

  • Know the latest developments and trends regarding state income taxation of corporations and pass-through entities
  • Identify the types of activities, which by themselves, might be sufficient to trigger income tax nexus in a state
  • Understand the legal theories upon which the emerging state nexus and sourcing doctrines are based
  • Anticipate the nexus claims that may arise as a result of certain types of activities

Who should attend this event?
State tax practitioners and advisors in private practice, professionals in corporate tax and accounting departments focused on state taxation and accounting issues.

Presenters

Bruce Ely
  • Tax Partner
  • Bradley Arant Boult Cummings LLP.

Bruce Ely is a partner in the law firm of Bradley Arant Boult Cummings LLP. His more than 30 years of experience have allowed him to handle projects as diverse as serving on the recruiting teams that successfully induced both Mercedes-Benz and Hyundai to locate their first U.S. manufacturing plants in Alabama to representing taxpayers before the Internal Revenue Service, the Alabama Department of Revenue and local taxing authorities. His practice focuses on three concentric areas: representing taxpayers in federal, state and local administrative and judicial forums; advising companies on choosing the proper form of entity through which to conduct business in the Southeast and potential tax incentives; and advising companies and various trade and professional organizations regarding state and local tax legislative matters. He also devotes a substantial amount of time to teaching and writing on SALT-related topics. 

Bruce chairs the firm’s State and Local Tax (SALT) Practice Team, which represents taxpayers before the Alabama, Tennessee and Mississippi Departments of Revenue, as well as local government taxing authorities and the state and federal courts. He has served as counsel to multistate taxpayers in cases before the U.S. Supreme Court but more often before the Alabama appellate courts, circuit courts, and the Alabama Tax Tribunal.  Bruce earned a B.S. at the University of Alabama; his J.D. from the University of Alabama School of Law, and an LL.M. (Taxation) from the New York University School of Law.

Fred Nicely
  • Senior Tax Counsel
  • Council on State Taxation

Fred Nicely is a Senior Tax Counsel at COST.  His role as Senior Tax Counsel extends to all aspects of the COST mission statement:  “to preserve and promote equitable and nondiscriminatory state and local taxation of multijurisdictional business entities.”  Before joining COST, Fred served in the Ohio Department of Taxation for four years as Deputy Tax Commissioner over Legal and for the prior seven years as the Department’s Chief Counsel.  Fred’s responsibilities at the Department included testifying before legislative committees, participating as an alternative delegate for Ohio at Streamlined Sales Tax Project meetings, and reviewing legal documents issued by the Department, including deciding the merits of filing an appeal.  He is a frequent speaker and author on Ohio’s tax system and on multistate tax issues generally.  Fred also has extensive experience in public utility tax law, having served as an administrator of the Department’s public utility tax division.  Fred’s undergraduate degree in psychology (with a concentration in accounting) is from the Ohio State University.  He obtained his MBA and JD from Capital University in Columbus, Ohio.
 

Steven N.J. Wlodychak
  • Principal, Indirect Tax - State and Local - National Tax
  • Ernst & Young LLP

Steven Wlodychak is a principal in Ernst & Young LLP’s Indirect (State and Local) Tax practice in Washington, DC. Steve is a member of its National Tax Department, is a leader of its state and local transactions practice and serves as the state and local director of its Center for Tax Policy. He specializes in the state and local tax aspects of business transactions including not only advising on the state and local income tax consequences of transactions but also the effects of other indirect taxes, such as sales and use, property and employment taxes on business combinations.

Lauren E. Colandreo
  • State Law Tax Editor
  • Bloomberg Tax & Accounting

Lauren Colandreo is a Senior State Tax Law Editor with Bloomberg Tax, where she analyzes recent changes in state tax law, develops new products and maintains existing products, including Bloomberg Tax’s practice tools, navigators and portfolios. Lauren also contributes to the SALT Talk blog and co-authors annual special reports analyzing the results of the Bloomberg Tax Survey of State Tax Departments and key factors driving state income taxation of trusts.  As a member of the State Tax Individuals/Estates, Credits, Surveys and Tools group, Lauren’s primary focus is nexus-creating activities for corporate income tax, sales and use tax and trust income tax, as well as corporate income tax apportionment/sourcing, individual income tax, and state estates, gifts, and trusts issues. She holds a B.S. and a B.A. from Salisbury University, a J.D. from the Columbus School of Law at the Catholic University of America and an LL.M. in Taxation and Estate Planning Certificate from the Georgetown University Law Center.

Continuing Education

Credits:
1.7 CPE, 1.5 General COA, 1.5 CLE
Level:
Basic
Production Date:
06/06/2019