Federal Tax Reform and its Impact on State and Local Taxation
The Tax Cuts and Jobs Act (“TCJA”) is generating significant changes and opportunities in the Federal tax law. How does this new law affect state income tax? When do states adopt Federal law changes? What provisions will cause states to decouple? Will enhanced bonus depreciation and limits to like-kind exchanges impact property tax? Does the new international tax regime impact state income? So many unknowns and questions.
Cathie Stanton, National Leader for Cherry Bekaert’s State and Local Tax Specialists, will provide updates on the latest reactions and actions from the states to TCJA. Updates will include the current status of nexus determinations for income and sales and use tax, as well as other state and local tax issues in the news.
Participants will be able to:
- Gain a basic understanding of how the states adopt or reject the new Federal tax law
- Address general property tax issues under enhanced bonus depreciation and section 179 expensing
- Talk about other provisions of the TCJA that impact state and local taxes
- Cathie Stanton, CPA, Partner, Tax Services | Cherry Bekaert LLP
- Monica Tillett, Director, State & Local Tax (SALT) Services | Cherry Bekaert LLP
- Kathleen Holston, CPA, Senior Manager, Tax Services | Cherry Bekaert LLP
Prerequisites | None
Advanced Preparation | None
Recommended Hours of CPE | 1 Hour*
Delivery Method | Webinar
Program Level | Basic
CPE Category | Taxes
*Cherry Bekaert 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 website. | www.learningmarket.org
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