Managing Sales/Use Taxes with Lease Transactions – True, Conditional and Synthetic – David W. Machemer
10/18/21 | 2:20 - 3:10pm
David will discuss the quirky sales/use tax rules that apply to lease transactions, including mobile assets (motor vehicles, aircraft). The transaction taxes can vary state by state, depending on the type of asset, the term, the buy-out amount (if any), trade-ins, the use thereof (e.g., interstate commerce), as well as various types of exemptions. There are also special rules with lease re-writes (changes to the lease contract). We’ll help you flag exposures and navigate saving opportunities!
Best Practices When Dealing with Alternative Apportionment – Marilyn A. Wethekam
10/19/21 | 3:40 - 4:30pm
Marilyn will discuss the issues facing taxpayers including how a business determines the marketplace, the use of specialty formulae and whether litigation is required to achieve alternative apportionment.