Effective in 2015, New York adopted mandatory combined reporting. New Jersey followed suit not long after, requiring taxpayers to file combined returns beginning with the 2019 tax year. In some ways, the respective New York and New Jersey approaches are quite similar. But there are also key differences.

Speakers: Jennifer S. White Aaron M. Young David J. Gutowski Matthew L. Setzer

Event Type: Webinar, CLE / CPD

Start Date/Time:
5 May 2021, 2:00 PM EDT
End Date/Time:
5 May 2021, 3:00 PM EDT

In this webinar, lawyers from Reed Smith’s State Tax Team will summarize those similarities and differences in the ultimate faceoff of Northeastern taxing jurisdictions. In particular, the speakers will highlight taxpayer-friendly provisions and potential refund opportunities in each state. Neither state has adopted final combined reporting regulations, so the speakers will address not only the relevant tax codes, but also each revenue department’s informal policies.

CLE/CPE credit will be offered at no charge. Topics will include:

  • Group elections and composition
  • Net operating losses
  • Credits
  • Sourcing of service receipts
  • Special apportionment and equitable relief
  • Partnerships

This program is a special-edition crossover combining the following Reed Smith state tax webinar series:

New York State (and Local Tax) of Mind, our bi-monthly webinar series covering up-to-date issues and events as they unfold. Past episodes have addressed various corporate income, sales and use, property, and personal income tax issues, as well as policy and administrative changes within the Department of Taxation and Finance. Past episodes can be viewed on demand.

New Jersey Tax Reform, our webinar series covering New Jersey’s adoption of combined reporting and market sourcing. Past episodes can be viewed on demand.

This program is presumptively approved for 1.0 CLE credit in California, Connecticut, Illinois, New Jersey, New York, Pennsylvania, Texas and West Virginia. Attendees who are licensed in other jurisdictions will receive a uniform certificate of attendance but Reed Smith only provides credit for the states listed. This program is also presumptively approved for 1.0 New Jersey CPE. Please allow 4-6 weeks after the program to receive a certificate of attendance.