What cases have changed various tax positions and what are courts looking at currently? What are the hot-button audit issues? Understanding state and local taxes is about more than just following the rules: it is about understanding residency issues, credits, deductions and so much more to ensure you are navigating the intricacies of various tax situations and opportunities. This session will be a general update on current New York State tax issues Members in Industry should be aware of to reduce tax risk and exposure, to assist with tax planning, and to ensure compliance. Date of Recording: 10/30/2024
Learning Objectives
- Upon completion of this course, you'll be able to:
- Analyze recent court rulings and legislative changes impacting New York tax positions, including residency audits, apportionment disputes, and key cases redefining nexus and taxability.
- Identify current NYS and NYC audit priorities (e.g., remote workforce sourcing, pass-through entity taxes, credits for taxes paid elsewhere) to proactively address high-risk areas in compliance and planning.
- Apply strategic approaches to navigate multi-state complexities—such as residency waivers, decoupling rules, and nonresident withholding—while optimizing credits/deductions to minimize liability.
Major Topics
- Recent court rulings and legislative changes impacting New York tax positions.
- Current NYS and NYC audit priorities (e.g., remote workforce sourcing, pass-through entity taxes, credits for taxes paid elsewhere).
- Strategic approaches to navigate multi-state complexities.
