This webinar will address state responses to COVID-19 in three areas. First, the potential state tax implications of federal tax changes in the CARES Act. Second, Nexus and apportionment developments resulting from telecommuters and work-from-home orders. Third, tax return filing/payment extensions and late filing/payment penalty waivers and relief.
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State Impact of COVID-19 and the CARES Act

June 25, 2020
1:00 PM to 2:30 PM EST

Sue Nissen
Email
Technical Support:
844-580-6963

Technical Support
(BDO Employees):
888-236-9111
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  • Summary
  • Additional Details
  • CPE Information
  • Presenters
This webinar will address state responses to COVID-19 in three areas:
 
  1. The potential state tax implications of federal tax changes in the CARES Act.
  2. Nexus and apportionment developments resulting from telecommuters and work-from-home orders.
  3. Tax return filing/payment extensions and late filing/payment penalty waivers and relief.
The CARES Act makes certain adjustments to tax reform legislation provisions relating to net operating losses (NOLs) under Section 172, interest expense limitation rules under Section 163(j), business losses under Section 461(l), and depreciation provisions under Section 168(k), among other changes. Similar to tax reform legislation, the state tax implications of the CARES Act will depend on states’ conformity provisions to the Internal Revenue Code (IRC): (1) rolling, (2) fixed date, or (3) selective. The webinar will address how states conform or decouple from the IRC.

Nexus and apportionment developments resulting from telecommuters and work-from-home orders – and subsequent implications to state individual income tax and payroll withholding obligations – will be discussed. Specifically, states that announced they will not seek to impose nexus due to employees temporarily working from home, and states that issued guidance on employee taxable wages and payroll withholding obligations for remote employees. State and local responses to COVID-19 as they relate to business and individual tax return filing extensions, payment extensions, and late filing/payment penalty waivers and relief will be addressed. Most states have offered time extensions or penalty relief for income taxes as well as payroll, sales, franchise, B&O, and other taxes. This remains a fluid area as states and localities issue new guidelines on a regular basis.
Katie Girmscheid
State and Local Tax, Senior Manager

Scott Smith
National Technical Practice Leader, State and Local Tax Managing Director

Mariano Sori-Marin
State and Local Tax Partner
Learning Objectives:
At the end of this webinar, participants will be able to:
  1. Understand significant tax provisions contained in the CARES Act
  2. Recognize potential state implications of the CARES Act
  3. Comprehend numerous state nexus, apportionment, and withholding tax developments related to COVID-19
  4. Become familiar with state filing and payment relief developments due to COVID-19
 
Delivery: The webinar will be delivered via the BDO Online CPE Network
Prerequisites: None
Advanced Prep: None
Credits: 1.5 credits in the field of Tax
Program Level: Basic
BDO USA, LLP 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.nasbaregistry.org