Income & Franchise Tax Developments

      Wednesday, October 17th, 2018  
Start End Minutes Topic Speaker(s)
12:00     Registration  
12:55     Welcome and Introductory Remarks  
1:00 2:00 60

Now Trending – As states and businesses alike scurried to react to federal tax reform over the last year, many other important state and local income tax trends have taken a backseat. This panel will discuss some of those developments, including the adoption of a narrowed definition of “receipts,” market-sourcing of non-TPP, and the single-sales-factor formula; alternative apportionment; calls for comprehensive reviews of state credits; the proliferation of ballot initiatives; carried interest tax reform efforts; transfer pricing; and more. 

Maria Todorova, Partner, Eversheds Sutherland (US) LLP; Atlanta, GA

Karen Boucher, Managing Member, FIST Coalition; Egg Harbor, WI 

Amber Rutherford, Senior Manager, Deloitte Tax LLP; Nashville, TN

2:00 3:00  60

Look (and Think) Before You Leap – State Tax Issues in Mergers and Acquisitions –  This presentation will review the due diligence process in M&A transactions and identify those that can be particularly problematic. The speakers will also identify the important issues to consider and note the different considerations in the context of income taxes versus transactional taxes like sales tax.  

Mitchell Newmark, Partner, Morrison & Foerster LLP; New York, NY 

Peter Faber, Partner, McDermott Will & Emery LLP; New York, NY 

Caroline Balfour, Director, State and Local Tax, PwC LLP; Minneapolis, MN

3:00 3:15  



3:15 4:15 60

Accounting for State Taxes – Tax departments continue to face challenges in properly accounting for state tax law changes that impact the overall tax rate and bottom lines of their companies. This panel of industry and practitioner experts will address those issues and discuss the ongoing complexities in identifying and measuring deferred taxes and assessing needs for valuation allowances. Panelists will also discuss how non-income tax law changes and developments (i.e., those involving state gross receipts-based taxes and indirect/sales/use taxes) may impact financial accounting and reporting decisions made in the calculation of documented and recorded loss contingency accruals. The panel will also review practical implications of common state uncertain tax positions and other financial accounting issues.

Stephanie Csan, Managing Director, Deloitte Tax LLP; Parsippany, NJ 

Jack Harper, Vice President Corporate Tax, Discover Financial Services; Riverwoods, IL

Stephen LaRosa, Senior Director, State & Local Tax, Alexion Pharmaceuticals, Inc.; New Haven, CT

4:15 5:15    60

Southeastern Update – Hot Topics in High Cotton – This panel will cover the latest developments and recent trends in states where college football is even more popular than state and local taxes, if you can even believe that is possible.

Mark Sommer, Member, Frost Brown Todd LLC; Louisville, KY 

Christopher Wilson, Partner, Waller Lansden Dortch & Davis LLP; Nashville, TN 

5:15     Adjourn  
5:15 7:00   Reception   
TOTAL  DAY  240  CLE: 4 Hrs. - CPE: 4.8 Hrs. (4.5 NASBA)