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2022 Summer Tax Series

June 15 - July 27
2022
Seminars
NYC and Albany, NY - Park Ridge, NJ
June 15 - July 27, 2022
8:30 - 10:15 a.m.

Complete schedule and Series Pass Registration HERE

We are back in person and traveling to a venue near you! Join us for sessions in New York City and Albany, NY and Park Ridge, NJ as we bring you the latest tax developments.

2022 Schedule

June 15 & 22 and July 13: Harvard Club, New York City

June 29: Desmond Hotel, Albany

July 20 & 27: Marriott Park Ridge, New Jersey 

​​​​​​​**Sessions are in person ONLY, there will be no webinar broadcast**

2022 Seminar Topics

June 15 - New York City
RESIDENCY
The New York State Department of Taxation and Finance has the most advanced and aggressive residency audit program in the nation. Auditors are constantly on the hunt for revenue by pursuing nonresidents for additional New York taxes. This seminar will help you understand the rules, requirements, and issues in working through New York's residency tests and associated personal income taxation. The panel of Hodgson Russ attorneys will provide a practical review of the residency fundamentals for NY residents (and nonresidents), offer helpful insights gained from their personal experience working with clients into the audit process itself, and describe best practice strategies for achieving a successful outcome for your clients.

June 22 - New York City
NONRESIDENT ALLOCATION
Many people have reconsidered their residency as a result of the Coronavirus pandemic. With telecommuting as the new normal, individuals are fleeing high-tax jurisdictions across the United States for no-tax or low-tax states. Others are using the opportunity to move to non-U.S. jurisdictions. We will compare residency rules in various states, and what is required to change your residency when moving within the U.S. and to a non-U.S. jurisdiction.

June 29 - Albany
NEW YORK STATE UPDATE AND TRUSTS & ESTATES UPDATE
This seminar will focus on the recent New York tax changes and their impact on individuals and businesses. This includes a detailed New York State tax update including tax provisions of interest from New York’s 2022-2023 budget legislation and hot-button New York State audit issues. As part of this, we will discuss the increasing audit activity surrounding pandemic-era residency changes and income allocation issues. The session will also provide the latest developments impacting trusts and estates.

July 13 - New York City
PASS-THROUGH ENTITY TAXES IN NYS & NYC
New York is one of approximately 27 states that has passed or is in the process of passing a pass-through entity tax on partnerships and S corporations as a workaround to the federal SALT deduction cap for individual taxpayers. This seminar will take a deep dive into the New York PTET; how it is calculated for partnerships versus S corporations; the individual credit calculation; New York guidance and legislative amendments on particular aspects of the PTET; and frequently asked questions. We will also look at recent legislation creating a New York City PTET for 2023, as well as the “legacy” NYC entity-level business taxes.

July 20 - Park Ridge, NJ
STATE TAX CONSIDERATIONS WHEN SELLING A BUSINESS
Too often state tax considerations are not on the radar when the sale of a business is being negotiated. This session will walk through the many state tax considerations that should be considered when a business is being sold, including characterization and apportionment of gain, sales tax occasional sale exemptions, bulk sale requirements, real property transfer taxes, and key contract provisions relating to tax representations, indemnification and control of audits.

July 27 - Park Ridge, NJ
SALES TAX UPDATES
Much has changed over the past three years with respect to sales and use tax compliance. This session will review the impact the Wayfair decision has had on sales and use tax compliance in NY and NJ, with a particular focus on businesses selling digital goods and services (SaaS, IaaS, information services, IT services, etc.). We will provide a review of recent NY and NJ case law, administrative rulings and enforcement initiatives in this area, and address how taxing authorities identify businesses to audit, as well as tips and traps in a sales tax audit.

2 hours of CPE credit per seminar is available. CLE requested.

REGISTRATION