Over the last four years, hundreds of intangible holding companies have filed NJ corporation business tax returns under VDAs and closing agreements covering throwout and nexus issues. The NJ Division of Taxation is now auditing and assessing those returns. In many cases, taxpayers who thought they had resolved their throwout exposure are now facing multimillion dollar assessments.

On Thursday, May 24, 2012 at Noon EDT, Reed Smith lawyers, David Gutowski and Kyle Sollie, will present a teleseminar to discuss strategies for taxpayers involved in these audits.