During this session, you’ll learn best practices for a CPA’s participation in Appellate Tax Board (ATB) litigation, examine the ATB’s mediation program and small claims procedure, receive an overview of recent ATB and appellate court decisions and more.
The past year produced two "once in a generation" changes to state and local taxes – federal tax reform and a repudiation of 50 years of Supreme Court jurisprudence regarding state tax jurisdiction. We’ll discuss how states are responding and more importantly, how they should respond. This panel will roam the sizzling state tax landscape discussing topics such as the state taxation of Global Intangible Low Taxed Income (GILTI), the ascendancy of economic nexus, the future of the Streamlined Sales and Use Tax Agreement (SSUTA) and sales tax simplification, the potential divergence of federal and state income tax approaches and the bright and dark side to state fiscal outlooks.
One of the primary goals of the 2017 Tax Act was to reward business owners operating as pass-through entities with a 20% deduction. The resulting new code section, 199A, is complex with definitions and hurdles that must be navigated. Last month, the IRS released proposed regulations to clarify both the application and the implementation of 199A. This seminar will discuss the new regulations and provide an in-depth look at the elements of 199A, including the calculation of Qualified Business Income, the limitations based on the entity's W-2 wages and qualified property, the exclusion for specified service trades or businesses, the income restrictions and more!
Recent legislation permitting medical and recreational cannabis use in Massachusetts creates economic and business opportunities, as well as strict regulatory governance for this emerging industry. What are the tax implications on a marijuana business that is legal in the Commonwealth of Massachusetts, but illegal under federal law? This session will provide an overview of Massachusetts cannabis law and state and federal tax issues. We will also explore the considerations for organizations converting from nonprofit to for-profit entities, examine ways in which state taxes vary for medical and recreational marijuana businesses and review the tax repercussions for businesses under Section 280E of the Internal Revenue Code.
Richard Hindlian is a shareholder in the Boston law firm of Davis, Malm & D’Agostine, P.C., practicing in the tax and business law areas. He has over 45 years of experience counseling on tax controversies, international and domestic tax planning and employee benefit plans. Hindlian routinely represents publicly-held and private corporations, banks, individuals, nonprofit organizations and other entities in matters involving mergers and acquisitions, public and private offerings of debt and equity securities, venture capital financings, leveraged buyouts, ESOPs and other qualified plans, leasing transactions, tax litigation, estate tax planning and foreign investments made in the U.S. and overseas.
Andrew Myers is a shareholder in the Boston law firm of Davis, Malm & D’Agostine, P.C., practicing in the business law area. For over 25 years, he has represented emerging businesses in corporate, finance and security matters, including mergers and acquisitions, public and private financings, venture capital transactions and joint ventures. His clients operate in a wide range of industries including cannabis, software, advanced materials, medical devices, manufacturing, computer peripherals, internet commerce, consumer products, service industries, distribution, entertainment and more.