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Live Webinar

100-minute live streaming program
  • September 20
  • 1:00 - 2:40 pm EST

Mastering New York's Combined Reporting Rules

September 20

Gain a better understanding of the combined reporting of state income taxes in New York.

This topic will provide corporate tax professionals with a thorough and practical guide to New York combined reporting. The panelist will provide an overview of New York's prior and current law, determining the combined group and computing the tax. After this topic, you will be able to navigate New York's complicated combined reporting rules.

Effective January 1, 2015, New York implemented a unitary combined reporting regime. Since New York does not provide a statutory definition of a unitary business group, a critical part of combined reporting in New York will be applying the unitary business principle. This is a constitutional concept that looks at the business as a whole rather than individual separate entities or separate geographic locations. This material will focus on some of the factors that New York will look at to determine a unitary business.

Calculating combined income is considerably more complicated than determining consolidated federal taxable income. Learn how to compute New York's combined capital and combined business income bases, as well as understand how to address combined filing by corporations with different tax years.

This information is critical to those who are required to keep up on New York's combined reporting rules.

Learning Objectives

- You will be able to identify New York's unitary combined reporting provisions.

- You will be able to recognize and apply the tests for determining the existence of a unitary business.

- You will be able to explain how to determine a combined group in New York State and City.

- You will be able to review the New York State Department of Taxation and Finance's draft combined reporting rules.

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Why Lorman?

Over 30 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Prior and Current Law
  • Say Goodbye to Substantial Inter-Corporate Transactions
  • End of De-Combination Audits?
  • Beginning of Unitary Business Audits?
Determining the Combined Group
  • Ownership Threshold
  • Included and Excluded Corporations
  • Unitary Business Tests
  • Election to Be Treated as Combined Group
Computing the Tax
  • Joint and Several Liability
  • Treatment as a Single Corporation
  • Combined Capital Base and Business Income Base
Non-U.S. Corporations
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Why Lorman?

Over 30 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

Live Webinar Registration

  • AIPB 2.0
     
  • This program is acceptable for 2.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • CPE 2.0 including Taxes 2
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.0 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Taxes for 2.0 hours. Prerequisite: basic knowledge of taxation. Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     
  • Lorman Business Center, Inc. is a registered provider for CPA CPE through the State Education Department of New York, Sponsor number: 000640. The following course will carry the subject area of Taxation for 2.0 hours.
     

Who should attend?

This live webinar is designed for accountants, CPAs, CFOs, controllers, accounts payable professionals, tax managers, presidents, vice presidents, bookkeepers and tax preparers.

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Why Lorman?

Over 30 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Debra S. Herman

Hodgson Russ LLP

  • Partner, Hodgson Russ LLP, New York, N.Y.
  • Practice spans most tax matters, but focuses primarily on New York State, New York City and multistate tax issues, working with clients from both a planning and an audit and controversy viewpoint and on complex transactions
  • Extensive experience counseling clients with respect to corporate income tax, unincorporated business tax, flow-through entity income taxation, sales and use taxes, and excise taxes on real property transfers
  • Widely recognized for experience in state and local taxation and is a nationally recognized author on state tax topics; co-wrote the BNA Portfolio “New York Sales and Use Taxes” and a bi-monthly article on New York State and New York City taxation in the New York Law Journal and writes a monthly column in the Journal of Multistate Taxation and Incentives on state and local tax matters before the U.S. Supreme Court
  • Currently a Vice Chair of the American Bar Association Section of Taxation’s State and Local Tax Committee, Executive Board; former Chair of the New York City Bar State and Local Tax Committee
  • J.D degree, American University Washington College of Law; LL.M. degree, New York University School of Law; B.A. degree, University of Madison
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Why Lorman?

Over 30 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
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  • State Specific Credit Tracker
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* For audio recordings you only pay shipping

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Product ID: 400141
Published 2017
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