12:45PM - 1:45PM & 2:00PM - 3:00PM ET
With various sectors being impacted by the downturn, multistate tax professionals must recognize and proactively address state tax issues and execute state tax planning arising from mergers, acquisitions, and reorganizations. This session will focus on tax attribute planning, including the interaction between state versus federal rules and utilizing net operating loss carrybacks and carryforwards. The session also will cover:
- The state income tax implications of corporate transactions within the context of various federal tax authorities, including distributions, contributions, liquidations, and tax-free reorganizations;
- Differences between the federal tax treatment of transactions under the consolidated return rules, state combined return treatment under specific state regimes, and separate state return treatment;
- The due diligence process; and
- Post-restructuring integration prospects to achieve tax efficiencies.