State And Local Taxation (SALT) of Federal COVID Relief (3.5 Hour Webinar)

Overview: 

In response to COVID-19, the Federal Government passed several major relief programs, which included important tax benefits to assist businesses and individuals alike. However, not all states are treating these federal relief programs and tax benefits the same way. This webinar will show how state and local authorities are dealing with federal assistance, and offer strategies on how to minimize your state and local taxes. Topics include:

  • The latest on state and local taxation
  • State and local reactions to the federal Coronavirus Aid Relief, Economic Security (CARES) Act and the American Rescue Plan Act (ARP)
  • State and Local Taxation of Pass-Through Entities post-Tax Cuts and Jobs Act (TCJA)
  • SALT Impacts of remote work environment on employers and employees
  • Planning strategies
     
Objective: 

To provide tax and financial professionals with the latest updates on the impact that Federal COVID relief programs have on State and Local Taxation (SALT), and supply strategies for minimizing your overall taxes.

 

SPEAKERS & PANELISTS INCLUDE:

John Garcia, Global Tax Director, InvestCloud

Jordan Goodman, State and Local Tax Partner, Horwood Marcum & Berk Chtd.

Barry Halpern, Partner, Marcum LLP

Ilya Lipin, Managing Director, State and Local Tax, BDO

 

Additional New Webinars on COVID-19:

Accounting for Debt Restructuring during Uncertain Financial Times Webinar (2 Hours)

COVID-19: The New Legal Landscape for Employers and Employees Webinar (1.5 Hours)

Cybersecurity in a Business World Impacted by COVID-19 Webinar (1.5 Hours)

Employee Retention Tax Credit: A Hands-On Guide to Maximizing the Latest Tax Benefit (1 Hour)

Exploring the Long-Term Economic Impact of COVID-19 Webinar (1 Hour)

Financial Leadership during the COVID-19 Crisis: An Expert Panel Discussion Webinar (1 Hour)

Impact of COVID-19 on Complying with SEC Requirements, including ICFR Compliance Webinar (1 Hour)

Impact of COVID-19 on Financial Reporting & Disclosures Webinar (4 Hours)

International Cash & Treasury Management in a COVID-19 Business World Webinar (1.5 Hours)

Lease Modifications: ASC 842 & COVID-19 Impact Webinar (1.5 Hours)

Managing Global Contracting during the COVID-19 Crisis Webinar (1 Hour)

Recent Developments at the FASB & IASB in Response to COVID-19 Webinar (1.5 Hours)

Recent Developments in Transfer Pricing, including the Impact of COVID-19 Webinar (1 Hour)

Sales Tax Strategies during the Economic Disruption of the COVID-19 Outbreak Webinar (2 Hours)

Tax Aspects of the "Coronavirus Aid, Relief & Economic Security (CARES) Act" Webinar (3 Hours)

Tax Planning for 2020/2021 & Beyond: Biden Agenda, PPP Forgiveness & More (3-Hour Webinar)
 

Emphasis: 
  • Update on State and Local Taxation
     – Overview of state budgets
     – 2020-2021 legislative update
     – Impact on compliance and planning opportunities
  • State and Local reactions to the Federal Coronavirus Aid Relief, Economic Security (CARES) Act and the American Rescue Plan Act (ARP)
     – PPP forgiveness
     – Modifications to NOLs and business interests
     – Employee Retention Credit
     – Unemployment compensation
  • State and Local Taxation of pass-through entities post-Tax Cuts and Jobs Act (TCJA)
     – Recent legislative developments
     – Elections, compliance issues, credit mechanisms (entity vs. owners), and opportunities
  • SALT Impacts of remote work environment on employers and employees
     – Nexus, apportionment, credits, and incentives considerations
      – State Sourcing income impact
  • Bringing it all together
     – Recent case law developments
     – Risk mitigation and audit preparation
     – Tax planning opportunities

     

Bottom
Prerequisite: 

Basic knowledge of business taxation.

Preparation: 

No advance preparation required.

Level of Knowledge: 

Intermediate.

CPE Credit: 
3.50
NASBA Field of Study: 
Taxes