"D.C. COMBINED REPORTING: IN SEARCH OF CLARITY" - PRESENTATION ON JULY 17, 2013!
Has your company or client been filing D.C. Combined Income/Franchise Tax returns since 2011? Or will 2012 be your company or client's first year?
Have you been waiting to file D.C. Combined returns due to the lack of "clarity" regarding the application to unincorporated businesses? The real estate industry?? If so, please attend the free presentation at the Greater Washington Society of CPAs (GWSCPA) Tax Section Meeting on July 17, 2013. The session begins at 8:30 am and is held at the GWSCPA offices.
To register, go to "DC COMBINED REPORTING: IN SEARCH OF CLARITY."
The purpose of this session is to provide a forum for participants to discuss and learn about the practical examples and issues that taxpayers have faced over the past two years regarding the implementation of DC Combined Reporting (DCCR).
The focus of the discussion will be on how DCCR is applied to the real estate industry (investors, owners, developers, property managers, asset managers, tiered partnership structures and unincorporated businesses), but we will touch on concepts that impact all industries as well.
Some of the questions that will be addressed include: How do I know if a combined return should be filed? What are the tests? Who is included? What is the impact on net operating losses? What is the economic impact on shareholders/investors? Does nexus matter? What is “unitary”? We have decided to file a combined return, now what (tax base, apportionment, etc.)? Can any planning be done to mitigate the negative impacts? Will DC change the rules?
Brian Strahle is the owner of LEVERAGE SALT, LLC where he provides state and local tax technical services to accounting firms, law firms and tax research organizations across the United States. He also writes a weekly column in Tax Analysts State Tax Notes entitled, "The SALT Effect." For more info, visit his website: www.leveragestateandlocaltax.com
You can reach Brian at firstname.lastname@example.org.
Because state and local taxes are deceptively simple and endlessly complicated.