Join Stacey Roberts at TaxOps and Dwayne Dobson at Ryan LLC as they present on filing methods and provisions in two separate sessions at the upcoming 2024 IPT State Income Tax School.

2024 IPT STATE INCOME TAX SCHOOL

July 22-25, 2024 | Atlanta, Georgia


Two Sessions

Tax Return Filing Methodologies | SALT Tax Provisions & Accruals with Case Study

Tax Return Filing Methodologies

Wednesday, July 24 | 9:30 am – 12:00 pm

This session will include a comparison of separate, consolidated and combined state income tax returns, including a discussion of the mechanics and implications of each. Building upon prior sessions, the income and apportionment factors used, and the treatment of intercompany transactions and tax attributes for the different return types will also be discussed.

Learning Objectives

At the end of the session, the participant will be able to:

  • Recognize the different methods of state income tax reporting
  • Explain which entities are typically included in the different types of returns
  • Differentiate between a full consolidated return and a Nexus consolidated return
  • Recognize the difference between the state’s authority to require combination versus a taxpayer’s ability to elect combination
  • Grasp how taxable income is calculated in the different types of returns
  • Recognize the difference in the treatment of intercompany transactions under different return types
  • Apply net operating losses to different return types

Instructors

Stacey Roberts, CPA
Director, TaxOps
Denver, CO

Dwayne W. Dobson, Jr., CMI, CPA
Director, State Income/ Franchise Tax Consulting, Ryan LLC
Chicago, IL

SALT Tax Provisions & Accruals with Case Study

Wednesday, July 24 | 1:00 pm – 4:00 pm

This presentation will review the key financial accounting pronouncements that apply to tax provisions and discuss their scope and basic principles. This presentation will then examine the impact of those financial accounting pronouncements on an entity’s income statement and balance sheet. This presentation will also demonstrate the application of the financial accounting pronouncements to the determinations of an entity’s income tax provision and contingency reserves for other taxes. Finally, this presentation will discuss the transition from generally accepted accounting principles to international financial reporting standards.

Learning Objectives

At the end of the session, the participant will be able to:

  • Identify the key financial accounting pronouncements that apply to tax provisions and understand the types of taxes to which they apply
  • Grasp the scope and basic principles of FAS 109
  • Recognize the effect of FAS 109 on an entity’s income tax statement and balance sheet
  • Recognize the difference between the current and deferred components of an entity’s income tax provision
  • Apply the principles of FAS 109 to basic fact patterns to determine an entity’s income tax expense and deferred tax assets and liabilities
  • Recognize the relationship between FIN 48 and FAS 109 and apply FIN 48’s recognition and measurement principles to uncertain tax positions
  • Grasp the scope and basic principles of FAS 5
  • Recognize the effect of FAS 5 On an entity’s income statement and balance sheet
  • Apply the principles of FAS 5 Two basic fact patterns to determine an entity’s tax contingency reserves
  • Develop an awareness of the transition from generally accepted accounting principles to international financial reporting standards and identify the types of entity’s that will be affected by the transition

Instructors

Stacey Roberts, CPA
Director, TaxOps
Denver, CO

Dwayne W. Dobson, Jr., CMI, CPA
Director, State Income/ Franchise Tax Consulting, Ryan LLC
Chicago, IL

About the IPT State Income Tax School

The State Income Tax School is focused on teaching state income tax concepts. The curriculum provides a thorough review of basic principles and an introduction to more advanced issues. It’s a thorough, multi-day program that provides an in-depth examination of the complex problems those responsible for state and local income taxes face, including nexus and entity concerns, separate and consolidated/combined return issues, apportionment complexities, reorganizations and mergers, tax planning nuances, and more. The school is led by professionally diverse faculty with many decades of experience in the state and local income tax field.

About IPT

The Institute for Professionals in Taxation® (IPT), founded in 1976, is a 501(c)(3), not-for-profit educational association serving more than 6,600 members representing approximately 1,200 corporations, firms, or taxpayers throughout the United States and Canada. It is the only professional organization that educates, certifies, and establishes strict codes of conduct for property, sales and use, and state income tax and credits and incentive professionals who represent taxpayers (government officials or organizations do not qualify for membership).

HIGHLIGHTS

  • 6 online trainings via Zoom (monthly, July – December 2024)
  • 2-3 hours each (that’s up to 3.6 CPE credits per webinar!)
  • Expert faculty for each webinar topic
  • Carefully curated topics selected for 2024 and beyond
  • Materials provided before each training
  • Live Q&A to finish up each training

Dive into the details about each live webinar below:

Learning objectives

After attending the session, the participant will be able to:

  • Assess how non-U.S. sales may impact state sales factor numerators and denominators
  • Demonstrate how federal GILTI and FDII impact state taxes
  • Apply federal tax treaties to states
  • Analyze state filing methods
  • Consider the potential impacts on the Moore case

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