The State Tax Webinar Series

Upcoming Webinar in the Series

Date: August 13, 2020

Time: 2:00-3:00 p.m. CST

Hosted By: Fredrikson & Byron and Minnesota Society of CPAs

Cost: Free

Location: Online

Webinar details and registration information to follow.


Past Webinars in the Series

State and Local Tax Implications of International Tax Reform and the CARES Act
Thursday, June 11, 2020

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Presenters:

Even since the momentous passage of the Tax Cuts and Jobs Act in 2017, tax law in the United States has continued to evolve. International tax reform has marched forward through regulation intended to solidify the shift to a territorial tax system, and federal tax has been further disrupted by the emergency actions implemented by the CARES Act.

For businesses operating in the United States, these measures may have significant state and local tax ramifications. This session guides listeners through a number of those concerns, such as differing state impacts of the one-time IRC § 965 transition tax, nexus and permanent establishment/tax treaty impacts during the COVID-19 crisis, state conformity to the CARES Act and applicability of its key provisions and more.

After this seminar, listeners will:

  • Understand how states have implemented the TCJA international tax structure, such as taxation of dividends and anti-base erosion measures
  • Appreciate the state-level impacts of the CARES Act’s modification of key TCJA provisions, including net operating loss limitations
  • Recognize how an increasingly telecommuting workforce may impact a business’ tax profile during the COVID-19 crisis

Innovative Audit Challenges:  Mitigating Revenue Department Assessment Strategies
Thursday, May 7, 2020

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Presenters:

As the traditional sales tax base relating to transactions involving tangible goods has shrunk, state taxing authorities are continually looking at ways to expand that tax base without a need for legislative changes. Whether it be targeting royalty income, increasing the form-based burdens associated with accepting exemption certificates, targeting journal entries associated with accrual based accounting, or creating a litany of hurdles relating to export sales, departments are on the hunt for revenue.

Corporate tax departments are continually being asked to provide more documentation to defend assessments on transactions which are clearly not taxable or oftentimes have already been subject to tax. This session focuses on discussing these issues and preparing for the fight before it shows up at your door.

After this webinar, listeners will be able to:

  • Evaluate the innovative issues that state taxing authorities are raising during audit review and determine which of these their companies may be susceptible to.
  • Identify what steps should be taken to prepare for defending a potential assessment based on the relevant audit issues that other taxpayers are currently working through.
  • Enable their organization to embrace the power of technology to automate processes to create and retain documentation to defend against these novel audit issues.

SALT Controversy Strategies from Audits through Litigation
Thursday, April 30, 2020

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Presenters:

State tax controversy can present daunting strategy issues for taxpayers as well as service providers. This session focuses on preparing for controversy prior to audit division involvement and discusses potential strategies for defending a taxpayer position throughout the agency review phases (both audit and appeal).

However, rather than viewing agency review in a vacuum, this session also discusses how to guide the agency review phases in a manner that sets up taxpayers to successfully litigate their issues, in the event that that becomes the only remaining option.

After this webinar, listeners will be able to:

  • Understand the different phases of controversy, from preparation through agency review, and ultimately litigation.
  • Analyze strategies for controversial issues in light of their impact on later phases within the controversy lifecycle.
  • Understand the limitations facing taxpayers and service providers at different phases within the controversy lifecycle.

Navigating Property Taxes in a COVID-19 Market
Thursday, April 23, 2020

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Presenters:

As businesses shutter due to the COVID-19 pandemic, property owners are saddled with the burden of paying property taxes on vacant properties. Taxes that were already high have become economically impossible to pay or recover from tenants. Property taxes are one of the largest fixed expenses on the balance sheet. With this in mind, many property owners are evaluating whether it makes sense to appeal the taxes on their commercial, industrial or multi-family buildings. This webinar provides participants with the knowledge they need to evaluate whether a property tax appeal makes sense for their properties.

After this webinar, listeners will be able to:

  • Understand how property is valued for property tax purposes.
  • Identify critical Minnesota requirements for filing an appeal.
  • Evaluate whether a property is a good candidate for a successful property tax appeal.

Responding to COVID-19: A Tax Administrator Panel Perspective
Thursday, April 16, 2020

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Presenters:

  • Kyle Brehm – Officer, Fredrikson & Byron P.A.
  • Ben Clough – Policy Director, Corporation Income Tax, Iowa Department of Revenue
  • Kurt Konek – Policy Director, Individual Income Tax, Iowa Department of Revenue
  • Michael Mertens – Policy Director, Pass-Through Entities, Iowa Department of Revenue
  • Tim Reilly – Policy Director, Sales and Excise Taxes, Iowa Department of Revenue
  • Robert Doty – Assistant Commissioner, Minnesota Department of Revenue
  • Mark Godfrey – Taxation Division Director of Missouri, Missouri Department of Revenue
  • Dee Wald – General Counsel & Special Assistant Attorney General, North Dakota Office of State Tax Commissioner
  • Wendy Miller – Director, Audit Bureau, Wisconsin Department of Revenue

We are currently working through unprecedented times as individuals, businesses and government agencies as a result of the COVID-19 pandemic. While businesses and individuals are challenged with adapting to the new normal, so too are the leaders within the agencies tasked with administering their state’s tax policies and statutes.

This panel includes state tax administrators from several states, each of which discuss the challenges facing their teams and how their respective agency is responding to those challenges. Our panelists also address the taxpayer questions their offices are most frequently asked to respond to as a result of the current environment we are working within.

After this webinar, listeners will be able to:

  • Understand the current challenges faced by government agencies as well as those faced by taxpayers.
  • Understand how some state taxing authorities are responding to the challenges facing their teams and their constituents.
  • Navigate the ever-changing landscape of state tax compliance and reporting requirements that has resulted from the COVID-19 pandemic.

Continuing Education Information

This educational webinar series is pending approval for Continuing Legal Education (CLE) credit in Iowa and Minnesota.

The Minnesota Society of CPAs (MNCPA) 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. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website.


Questions:         events@fredlaw.com