(Webcast) COVID-19 and State and Local Tax Issues in the Forefront

Thursday, February 24, 2022 | 6:00 pm – 8:00 pm

• Description
• Faculty
• Agenda
• CLE Credit
• Sponsors

• The COVID-19 pandemic not only changed the way we live, but also the way we do business. Telecommuting has become the norm. Some businesses have decided to leave their office space altogether; choosing to acquire office space outside of New York City or not continuing to maintain an office. How does this “new normal” affect issues such as nexus and wage withholding and souring of service income? Complicating the issue is the “convenience of employer” rule adopted by New York and other states. Also, there has been an increase in people migrating to different states to live on a temporary or permanent basis. What issues does this create in terms of those individuals’ residency? In addition to the pandemic, states continue to deal with the federal TCJA $10,000 SALT cap. Currently, more than 20 states have enacted and passed legislation allowing for the payment of Pass-Through Entity (PTE) taxes, including New York, New Jersey and Connecticut. This program will also consider these workarounds, including their benefits and limitations, to help pass-through businesses decide whether to opt in where the PTE tax is elective. Our expert panelists will examine these issues and share their insights.

  Program Fee:
  $149 For Members | $249 For Nonmembers
  $79 For Small Law Firm Members

• Moderator:

  Open Weaver Banks
  Partner, Hodgson Russ LLP

   

  Panelists:

  Jon Biello
  Deputy Commissioner Connecticut Department of Revenue

   Lou Bucari
  First Assistant Commissioner, General Counsel, Connecticut, Department of Revenue

  Janine Burgress
  New Jersey Division of Taxation, Assistant Director           

  Linda Farrington
  New York State Department of Taxation and Finance

   

• 6:00 pm – 6:05 pm
  Introduction

   

  6:05 pm – 6:15 pm
  Telecommuting:  An Overview, with a Focus on Nexus and Withholding

   

  6:15 pm – 7:00 pm
  Telecommuting Panel Discussion – Part I  

  • Tri-State treatment of remote employees during emergency relief periods and beyond.
  • Convenience of the employer rule: background and basics
  • Discussion of and update on New Hampshire v. Massachusetts
  • COVID-related sourcing issues under the New York City Unincorporated Business Tax

   

   

  7:00 pm – 7:10 pm
  Break

   

  7:10 pm – 7:50 pm
  PTE Tax Panel Discussion – Part II

  • PTEs: Some Basics (What Are They? What Benefits Do They Provide?)
  • New York State, New Jersey and Connecticut PTEs: Some Similarities and Differences
  • PTEs: Some Open Issues (Resident Credits and Beyond)
  • PTEs: Looking Ahead (Repeal of the SALT Cap?)

   

  7:50 pm – 8:00 pm
  Questions/Closing

• New York: 2.0 Professional Practice
  New Jersey: 2.0 General
  California: 2.0 General
  Pennsylvania: 1.5 General

• Sponsoring Association Committee:
  State and Local Taxation, Amy F. Nogid, Chair

  Sponsorship Opportunities are Available! Please Contact:
  Senior Director, Membership & Customer Relations | (212) 382-6685 | abein@nycbar.org