NEW YORK, November 27, 2023 – On December 11-12, the NYU 42nd Annual Institute on State and Local Taxation, hosted by the NYU School of Professional Studies Division of Programs in Business, will take place at the Westin New York at Times Square.
The event is designed to deliver high-level updates, practical advice, and in-depth analysis of the latest developments and current issues in all areas of state and local taxation, including:
- State and local taxation from a national perspective
- Professional challenges and ethical dilemmas reshaping the profession
- Transfer pricing controversies
- Tangible personal property
- Sales and use tax compliance
The Institute addresses all major areas of state and local taxation and attracts attorneys, accountants, state tax officials, tax directors, tax managers, and anyone seeking expert discussion of the lates in state tax developments. Participants qualify for CPE and CLE credits.
This year’s sponsors include:
For this year’s event, Conference Co-Chairs Jeffrey Friedman, Esq, partner, Eversheds Sutherland (US), and Lynn Gandhi, Esq., partner, Foley & Lardner, have created a jam-packed agenda of lively panel discussions with nationally recognized experts.
Register for the 42nd Institute on State and Local Taxation and view the latest event agenda. If you are a member of the media who would like to report on the event, please contact Michael DeMeo at michael.demeo@nyu.edu.
Current Conference Agenda, as of November 27, 2023:
Day 1: Monday, December 11, 2023:
8:00 a.m.
Registration
8:25 a.m.
Welcome Remarks
8:30 a.m.
Spare a Square?
Transfer Pricing SALT Controversies have increased over the years. States are concerned about possible abuse arising from inter-company transactions, while taxpayers counter that the state have a plethora of other weapons to deploy (e.g. forced combination, addback statutes, alternative apportionment), in lieu of disputing established transfer pricing studies.
9:20 a.m.
There Are 2, No 3, Responsible Taxpayers in Every Sales Transaction
The adoption of marketplace facilitator collection responsibilities has complicated sales tax reporting. While the “base case” of a small seller listing products for sales on a large marketplace appears straightforward, there are numerous less-than-obvious fact patters, including when marketplaces sell sell other marketplaces, seller “opt out,” mere commission sales and foreign sells. Is it time to address the inconsistent definition of “Marketplace Facilitator?”
10:25 a.m.
You Can’t Touch This – Tangible Personal Property – Is It Past Its Prime?
Tangible personal property has been a cornerstone concept for both income taxation and sales taxation. But recent court decisions have demonstrated the difficulty in defining this term. In light of the developments associated with efforts to the increasing digitalization of our economy – which has profound effects on sales taxability, income tax sourcing, and the application of Public Law 86-272, the panel covers the inconsistent interpretations of tangible person Property. Or perhaps abandon the definition altogether?
11:15 a.m.
Big Gain Hunting
States’ treatment of non-recurring extraordinary gains continue to evolve, impacting both the determination of the tax base as well as apportionment factor considers and the use of alternative apportionment. Further, gains from the sale of pass-through entity interests pose additional complications. This Panel addresses recent decisions confronting this issues that arise from transaction that produce big gains (and losses).
12:00 p.m.
NYU School of Professional Studies Paul H. Frankel Outstanding Achievement in State and Local Taxation Award Presentation
1:00 p.m.
NYU School of Professional Studies Paul H. Frankel Memorial Post-Luncheon Address
Overview and Press of Federal Constitutional Issues
2:00 p.m.
Going Local
Local taxes are proliferating and can be challenging to learn, administer, and challenge. Moreover, the disconnect from established state nexus standards and tax base definitions further complicated compliance. What do you know and need to know?
3:15 p.m.
Just Passing Through
This panel provides the state of the states’ status of tax planning, compliance, and controversies associated with ownership of multistate partnerships and LLCs. Coverage addresses the complexities arising from the new PTE tax regimes and combined reporting issues.
4:15 p.m.
So, Now What do We Do? Ethical Challenges Associated With Tax FilingsA client or colleague messes up a tax return, failed to timely file a return, or perhaps needs to correct a return previously filed. The speakers evaluate the options for fixing mistakes, and the practical opportunities to coming clean, resolving presentation issues, evaluating playing the audit lotter, as well as other options that will let you sleep easier at night.
Day 2: Tuesday, December 12, 2023:
8:30 a.m.
What’s On The Horizon?
The one thing we know for sure is the SALT will continue to evolve. Will we see more grows receipts taxes? Digital Advertising taxes? Will states continue to limit the applicability of P.L. 86-272? The speakers share their views on the most interesting and expected state and local tax changes over the next few years.
9:25 a.m.
Rest Insured: The Pros and Cons of Insuring State Tax Positions and Controversies
What exactly is tax insurance, and what are the considerations to obtaining a policy? Considerations may vary between the insured (taxpayer) and insurer. Hear about how insurance companies assess the insured’s return positions/transaction/litigation position. In addition, what re the tax accounting considerations of the insured? There is more behind the curtain to learn.
10:30 a.m.
Best Practices in Sales and Use Tax Compliance
The use of shared service centers, AI, and other technologies have become the standard in sales and use tax compliance. This panel identifies the best practices that address the most common challenges, particularly those associated with the defining and using taxable services, implementation and maintenance of complex tax matrices, and adherence to tax account rules.
11:20 a.m.
The Tri-State Panel
A lively discussion of current key topics with state tax officials from New York, New Jersey, and Connecticut.
1:15 p.m.
What’s Happening Everywhere Today?
It’s hard to cover the ever-changing state and local tax landscape, but an all-star team of “special reporters” provides a rundown of what tax professionals need to know about the most important SALT developments from across the nation.
For information on becoming a Tax Conference Sponsor or exhibiting at the Conferences, please contact Kathleen Costello at (212) 992-3320 or sps.tax@nyu.edu.
If you are a member of the media who would like to report on the sessions, please contact Michael DeMeo at michael.demeo@nyu.edu.
About the NYU SPS Department of Finance and Taxation Program
The NYU SPS Department of Finance and Taxation Program has been certified by the New York State Continuing Legal Education Board as an Accredited Provider of continuing legal education in New York. The NYU School of Professional Studies Department of Finance and Taxation Program is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.
About the NYU School of Professional Studies
Established in 1934, NYU SPS is an internationally recognized university that offers diverse students access and opportunity to practical, real-world preparation to thrive in their careers. The School helps build the next generation of industry leaders ready to embrace tomorrow’s innovations and challenges and lead change globally.
The NYU SPS global community is made up of industry professionals, doers, and trailblazers shaping the future of industries, positioning the School as an idea incubator center for various fields, including real estate, hospitality, global affairs, sports business, integrated marketing, HR, professional writing, and more.
Today, NYU SPS offers one of the most diverse portfolios of educational offerings at NYU, including graduate degrees, bachelor’s degrees for traditional and degree completion students, associate degrees, continuing education courses, and certificate programs.
NYU SPS is the host of some of the largest and most in-demand industry conferences in the world, including the Schack Institute of Real Estate’s Conference on Capital Markets, REIT Symposium, and National Symposium of Women in Real Estate; the Jonathan M. Tisch Center’s International Hospitality Industry Investment Conference, Annual NYU Tax Conferences, and the NYU Coaching and Technology Summit, the School’s invaluable connections to industry leaders is a distinguishing factor in the education that it provides.