This three and a half day Annual Meeting offers sessions for every state tax and government affairs professional with tax responsibilities. The Meeting has an extensive program covering all types of state and local taxes that business taxpayers are confronted with on a daily basis. The ever-popular audit sessions and state chamber of commerce roundtables are included, and other conference sessions provide updates on timely SALT issues and insight regarding state tax trends and opportunities. Targeted to all SALT types and levels of experience.
Speakers: Brent K. Beissel David J. Gutowski Kyle O. Sollie
Event Type: Seminar
Location Name:Hyatt Regency St. Louis Arch, St. Louis MO
Start Date/Time:24 September 2024
End Date/Time:27 September 2024
Registration Link: COST's 55th Annual Meeting
See Reed Smith State Tax Team members speak on the following:
Leveraging AI for State Tax: From Basics to Beyond - David Gutowski and Rich Robbins
This session will explore the intersection of artificial intelligence (AI) with state tax compliance and appeal functions. The four presenters—two data scientists and two state tax professionals—will start with a basic primer on AI, including key concepts and an overview of useful tools and technologies. Next, the presenters will delve into state tax-specific use cases to illustrate how AI can be used to solve compliance challenges and streamline appeal procedures. Separating fact from fiction, the presenters will cover the practical capabilities (and current limitations) of AI and provide predictions for how the AI landscape may evolve over the next several years. Finally, the presenters will share advice and suggested learning paths for state tax professionals to begin their AI journey.
Does California Law Really Require NOLs to be Trapped into Individual Entities? - Kyle Sollie
Your unitary group generates a loss. That loss is divided up among various corporate members of a unitary group. Later, your group earns income, but the income is assigned to a different member than the member that was originally assigned the loss. So your NOL - trapped in the wrong entity - isn't useful to you when you need it. Does California law support this? We say "no"!
Pursuing Sales Tax Refunds - Brent Beissel
This session will explore how to incorporate refunds into your audit to minimize your audit exposure and maximize your refund potential. This session will look at different techniques and strategize and provide considerations to think about that will help you add value to your tax department.
Original source can be found here.