Friday, January 19
8:30AM - 11:30AM
Closely Held Businesses and
State & Local Taxes
Closely Held Businesses Chair: John O. Tannenbaum, Law Offices of John O. Tannenbaum, Hartford, CT
State & Local Taxes Chair: Stephanie Lipinski Galland, Thompson Coburn LLP, Washington, DC
8:30am Opening Remarks.
8:35am Nexus – The Power of States to Tax Out of State
Businesses and Nonresident Business Owners. This
panel will discuss when an expanding closely held
business and its owners will become subject to tax in
additional states. Moderator: Rick Handel, Senior
Administrator and General Counsel for Policy, South
Carolina Department of Revenue, Columbia, SC.
Panelists: C. Eric Fader, Horwood Marcus & Berk
Chartered, Chicago, IL; Shirley K. Sicilian, General
Counsel, Multistate Tax Commission, Washington,
DC.
9:20am Sourcing and Apportionment of Tax Items Related to
Pass Through Entities. This panel will discuss how
states treat flow through entities and their owners.
This discussion will focus on when and how income,
credits and apportionment factors pass through the
entities to their owners. In addition, the panel will
analyze the impact of unitary relationships on the
apportionment or allocation of flow through entity
income. Moderator: Jordan M. Goodman, Horwood
Marcus & Berk Chartered, Chicago, IL. Panelists:
Michael T. Donovan, Baker & McKenzie LLP,
Chicago, IL; Bruce Ely, Bradley Arant Rose & White
LLP, Birmingham AL.
10:15am Other State Tax Issues Affecting Expansion into Other
States. This panel will explore other state tax issues
involved in structuring a business expanding to
multistate operations, including transfer tax aspects
of entity formations, reorganizations, and
dissolutions. Moderator: Robert Joe Hull, Bracewell
& Giuliani LLP, Houston, TX. Panelists: John R.
Shaughnessy Jr, Robinson & Cole LLP, Hartford, CT;
Stewart Weintraub, Schnader Harrison Segal & Lewis
LLP, Philadelphia, PA.
