Thursday, January 16, 2020 – Thursday, January 16, 2020 | 8:00am – 4:40pm

State Tax Conference

Register Here

State Tax Conference

January 16, 2020 
Double Tree By Hilton, Westborough

 

For the broadcast version of this conference click here

Agenda

7:00 – 7:45 a.m.

Early Bird Session

MA Tax Connect Demo

 

8:00 – 8:10 a.m.

Opening Remarks

Amy Pitter, MA Society of CPAs

 

8:15 – 9:30 a.m.

DOR Update

Commissioner Christopher Harding, Massachusetts Department of Revenue
Dana Ackerman, Massachusetts Department of Revenue

Rebecca Forter, Massachusetts Department of Revenue

In this session, we’ll hear from senior leaders from the Department of Revenue (DOR) on the latest administration initiatives, news from rulings and regulation, a briefing from the taxpayer advocate and more.

 

 

9:30 – 10:15 a.m.

Appellate Tax Board Update

Mark J. DeFrancisco, Esq., Chief Counsel, Massachusetts Appellate Tax Board

In this session, we’ll discuss best practices for a CPA’s participation in ATB litigation, find out about the ATB’s mediation program and small claims procedure, receive an overview of recent ATB and appellate court decisions and more.

 

10:15 – 10:30 a.m.  

Networking Break

 

10:30 – 11:30 a.m.

Tax Reform – Lessons Learned and Looking Forward to 2020

Matthew Dyment, BDO

Thomas Leonardo, BDO

This presentation will provide an overview of recent state and local tax developments with an emphasis on the most important issues impacting individual and business taxpayers in New England and beyond. We’ll cover topics such as an overview of newly enacted PTE taxes, state income tax conformity to the TCJA, Wayfair and more.

 

11:30 a.m. – 12:45 p.m.

National Trends in State and Local Tax Policy

Joe Crosby, MultiState Associates, Inc.

Karl Frieden, Council On State Taxation

This session will discuss the most significant trends in state and local tax policy in 2019 including state tax conformity with federal tax reform, state and local tax revenue growth, state responses to the Wayfair decision, the unexpected explosion of marketplace facilitator statutes and the most important state and local tax cases. We’ll also highlight state tax trends and issues to be mindful of in 2020. 

 

12:45 – 1:30 p.m.

Lunch

 

1:30 – 2:45 p.m.

Concurrent Sessions (Choose one)

 

Multistate Corporate Income Tax Apportionment Sales factor sourcing – Issues and Trends

Scott Thomas, Bentley University

This session will address the multistate corporate income tax apportionment of income by focusing on the sales factor and will cover sales factor weighting, market-based sourcing, cost of performance sourcing, throwback rules, throw-out rules and alternative apportionment requests. We'll also dive into the basic rules and recent developments in these areas.

 

The Business of Cannabis

Scott Foster, Bulkley Richardson and Gelinas, LLP

In this presentation, we’ll address the specific business challenges that cannabis businesses face as well as provide an update on the rapidly changing legal landscape with guidance on doing business in a highly regulated industry.

Choice of Entity After the Tax Reform and Jobs Act (TCJA): To Be or Not to Be, That is the Question – S Corporation, C Corporation, LLC or Other Entity

Leo Cushing Esq., CPA, Cushing & Dolan, P.C

In this session, we’ll focus on both tax and nontax benefits, the burdens of the various entities, including formation, operational issues, dissolution and distributions, the qualified business income 20% deduction, accumulated earnings tax and compensating key employees with profits interest versus option plans as well as IRC § 754 basis adjustments applicable to partnerships.

2:45 – 3:00 p.m.

Networking Break

 

3:00 – 4:15 p.m.

Concurrent Session (Choose one)

 

How AI is changing Tax work

Anthony Aniello, CPA, withum

Adrien Luther, CPA, withum

 

Artificial Intelligence (AI) is having an impact across several industries, including tax and the current state of the tax function. However, common confusion over AI seems to be preventing some tax departments from taking the necessary steps to adopt the technologies. In this session and using real-life cases, we’ll discuss how AI is transforming the tax function and steps that you can take to stay ahead, the potential of AI technologies and the importance of change management in AI implementation.

State Residency Determinations for Individuals – Preparing for the Move and the Audit

Scott Thomas, Bentley University

In this session, we’ll cover taxpayer compliance and documentation matters concentrating on information gathering, documentatio, and the uncertainties of compliance. We’ll focus on the Massachusetts statutes, regulations and case law, as well as address various other state residency rules encountered by taxpayers and their representatives.

Current State of 1041 Deductions After the Tax Reform and Jobs Act (TCJA) and to Gift or Not to Gift: Basis Considerations

Leo Cushing Esq., CPA, Cushing & Dolan, P.C

In this session, we’ll examine fiduciary income tax planning as well as gift tax and capital gain tax planning after the Tax Reform and Jobs Act. We’ll discuss planning to reduce fiduciary income taxes through the use of the IRC § 199(A) qualified business income deduction, managing estate taxes by possibly changing domicile, converting Massachusetts assets to real estate to an intangible limited partnership interest or gifting in light of a $1,000,000 Massachusetts exemption and an $11,400,000 federal estate tax exemption. 

 

This conference qualifies for the Workforce Training Express Fund program. The course code for this program is 1122807  Click here for more details: https://www.mscpaonline.org/cpe/training_fund

Speakers

Anthony Aniello

Anthony Aniello

Anthony Aniello Jr., CPA is a principal at WithumSmith+Brown, PC where he specializes in alternative funds in the hedge, private equity and venture capital space with a focus on cryptocurrency and other blockchain assets. With more than 14 years of accounting experience, he specializes in tax consulting and compliance services for the financial services industry. Aniello also has specific industry experience on both U.S. and international tax issues as he spent two years focusing on the European financial services industry.

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Joseph Crosby

Joseph Crosby

Joe Crosby is a principal with MultiState Associates, the nation’s leading state and local government relations consultant. He is involved in all aspects of the firm’s efforts to help clients resolve the challenges they face in the state and local government arena, with a concentration on providing strategic counsel, identifying and deploying political assets and advancing tax policy objectives.

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Leo Cushing

Leo Cushing

Leo Cushing, Esq., CPA, LLM is the founding partner of Cushing & Dolan, P.C., with a practice focusing on all aspects of sophisticated estate planning techniques, asset protection, trust planning, charitable giving and resolution of tax controversies. He is a co-chair of the Estate Planning, Trusts & Estate Administration Committee and serves on the Board of Directors for the Real Estate Bar Association for Massachusetts. Additionally, he has written and lectured extensively on all aspects of taxation and estate planning. Cushing is also a well-known speaker who has given presentations for the Boston Estate Planning Council, the Massachusetts Bar Association, the Real Estate Bar Association for Massachusetts, the Massachusetts Association of Accountants, the American Institute of CPAs and more.

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Matthew Dyment

Matthew Dyment

Matthew Dyment, JD, LLM, is the tax managing principal at BDO USA, LLP where he’s responsible for leading the state and local tax function for the national Transaction Advisory practice, serving as the state and local tax liaison to BDO Alliance USA and national ASC 740 teams, as well as researching tax laws, regulations, administrative rulings, publications and case law for all 50 states. With more than 15 years of experience in state and local taxation, he has served a broad range of clients in a variety of industries, with a primary focus on state tax optimization, restructuring and transaction support. Additionally, Dyment has extensive experience addressing complex multistate business restructurings that involve a wide range of income, franchise and sales and use tax issues. He has experience with state income and sales and use tax corporate audits, acting as a liaison between the auditors and the client during the audit process. He has also drafted memoranda and practiced before the Massachusetts Appellate Tax Board.

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Scott Foster

Scott Foster

Scott Foster is chair of the Business and Finance Department at the law firm of Bulkley Richardson. With a deep understanding of the unique legal needs of cannabis businesses operating in Massachusetts, he developed a comprehensive practice group to specifically meet the many challenges within the cannabis industry. He recognized the need to launch a cannabis practice when clients in Western MA began seeking legal advice and business direction in this highly-regulated industry. Assembling lawyers across disciplines, including business, finance, real estate, employment, IP and litigation, Bulkley Richardson’s cannabis practice is becoming the go-to resource for not only businesses, but for professionals conducting business within the cannabis industry. Foster is also co-founder and current chairman of Valley Venture Mentors, a startup accelerator that provides robust mentoring to entrepreneurs from around New England.

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Karl Frieden

Karl Frieden

Karl Frieden is the Vice President/General Counsel of the Council On State Taxation (COST). Karl’s responsibilities at COST include writing amicus briefs for cases at state Supreme Courts and the U.S. Supreme Court; working on state and local tax-related legislation with State Legislatures; developing research studies for COST’s State Tax Research Institute; and speaking at state tax forums throughout the U.S. Prior to joining COST, Karl was a tax partner with Ernst & Young and before that a tax partner with Arthur Andersen. Earlier in his career, he was the Deputy General Counsel of the Massachusetts Department of Revenue. Karl has had extensive experience with most types of state and local taxes and with global indirect taxes including VAT and withholding taxes. Karl has spoken on state and local and global indirect tax issues at business, government and tax policy forums in the US, Europe and Asia. He has testified before state legislatures and the US Congress on state tax policy issues. Karl is an Adjunct Professor of Law at the Georgetown University Law Center where he co-teaches a course on “State and Local Taxes: U.S. Subnational Taxation of Multijurisdictional Entities. He is the author of numerous articles on state and local taxation; and wrote the book, Cybertaxation: The Taxation of E-Commerce (CCH 2000) – the first comprehensive book written on the taxation of the digital economy.

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Thomas Leonardo

Thomas Leonardo

Thomas Leonardo, JD, LLM, is the managing director of state and local tax at BDO USA, LLP where he’s responsible for the review and analysis of state income tax issues, researching tax laws, regulations, administrative rulings, publications and case law for all 50 states. He has experience assisting clients with a wide range of multistate income, franchise and sales/use tax issues and has assisted numerous clients in the computer software, technology and financial service sectors with complex revenue sourcing and apportionment matters. Additionally, Leonardo has extensive experience leading multistate mergers and acquisitions (M&A) tax due diligence projects in hundreds of private equity and strategic transactions. He has also drafted legal memoranda, client alerts and administrative petitions filed with numerous state taxing authorities.

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Adrien Luther

Adrien Luther

Adrian Luther is a supervisor at Withum, where he specializes in financial services, technology, nonprofits, tax exempts and professional services. With over seven years of public and private industry experience leading management consulting, digital transformation, tax and change management projects, his services include management consulting, digital transformation, business process automation and tax. Additionally, Luther helps businesses and individuals prepare for the global trends shaping the industry and the world economy, with an emphasis on the adoption of emerging technologies. He is also an active member of the Withum Innovation Council.

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Scott Thomas

Scott Thomas

Scott is an attorney with 28 years of overall tax experience including a focus on multistate tax for his most recent 21 years in the field. Currently, Scott is a lecturer in Corporate Tax, International Tax, and Multistate Tax at Bentley University and is the incoming Program Director for Bentley University’s Graduate Tax and Financial Planning Programs. His prior experience includes the design and implementation of approximately 100 state tax planning structures while a partner in a national tax practice of a Big 4 firm, multistate tax due diligence in an M&A environment, multistate income tax compliance, state tax controversy, nexus studies, refund reviews, and voluntary disclosure agreements. Scott has worked with clients in a wide range of industries including entertainment, retail, manufacturing, consulting services, and financial services. These services involved planning, compliance, and advocacy at different administrative levels. Currently, Scott consults with various departments of revenue with respect to the drafting of regulations, training programs, and tax controversy matters. Scott graduated from the University of Connecticut with a B.A. and received his J.D. and LL.M. (Taxation) from the University of Bridgeport School of Law.

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Sponsors

Conference Credits

This course is 8.00 credits

Conference Fees

MSCPA-AICPA Member
$319.00
MSCPA Member
$319.00
AICPA Member
$399.00
Non-Member
$399.00

Conference Cost

You pay
$399.00
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