Speakers: David J. Gutowski Kyle O. Sollie

Event Type: Webinar

Start Date/Time:
16 September 2016, 12:00 PM EDT
End Date/Time:
16 September 2016, 12:25 PM EDT

New Jersey corporate business tax returns for most taxpayers are due October 15. If you merely follow published guidance, you’ll miss out on various return positions developed from unwritten administrative policies and pending litigation and appeals.

In this webinar, Reed Smith’s State Tax team will discuss these potential opportunities and provide New Jersey taxpayers with a “checklist” of filing positions to consider on their upcoming returns. You’re invited to join us.

The topics will include:

Computing Your Tax Base:

  • Avoiding interest addback
  • Maximizing your deduction for affiliated royalty expense
  • Determining which state taxes don’t get added back to entire net income
  • Maximizing your NOL deduction and resurrecting expired NOLs
  • Using consolidated return rules to defer income and gains
  • Using the MCI case to reduce gains on sales of subsidiaries

Partnerships:

  • Alternative methods for flowing up income and factors
  • Whether partnerships must withhold tax for out-of-state partners
  • Utilization of tax credits by corporate partners

Apportionment:

  • Alternatives to standard sourcing rules for tangible property
  • Different options for sourcing services receipts
  • Latest developments for sourcing interest
  • How to reduce your sales fraction numerator by half
  • Practice versus policy for sourcing royalty income
  • Choosing between domicile and market sourcing for intangibles
  • Alternative apportionment for certain industries

Register here.