McLane Middleton attorneys Steven M. Burke, John E. Rich, Jr., and Beth L. Fowler will participate in the 34th Annual Tax Forum on Thursday, November 3, 2016 at the Grappone Conference Center in Concord, N.H.
The full day event, presented by the New Hampshire Society of CPAs and the New Hampshire Bar Association, is offered as a continuing education seminar for CPAs and attorneys and qualifies for 8 CPE credits and 6.5 NHMCLE hours.
John will serve as Program Moderator.
Beth will moderate the session, “Trends and Opportunities in Multistate Apportionment,” which will address both legal and practical aspects of apportionment. The session will cover the purpose of apportionment, recent trends in revisions to state apportionment statutes, and how New Hampshire is responding to those trends. It will also address the real world impact changing statutes have on clients and how to advise clients to structure and operate their businesses to manage and minimize their state income tax liability. Beth will also speak at the “State Tax Update” session. This session will discuss important changes to New Hampshire law passed during the 2016 Legislative Session, including a change to the Business Profits Tax basis step-up provision and an expansion of the exceptions from the Real Estate Transfer Tax. The session will describe all major tax law changes, their impact on businesses, Department of Revenue Administration guidance on the new laws, and transaction scenarios not addressed by available guidance. Additionally, the session will discuss any significant tax law changes in the neighboring states.
Steve will be speaking at the “Tax Treatment of Trusts and Tax Consequences of Trust Provisions” session. As part of this session, participants will learn what provisions, facts, and circumstances cause a trust to be a “grantor trust” for federal income tax purposes, and the federal and New Hampshire tax liability and tax reporting implications of grantor trust status. The federal and New Hampshire taxation of non-grantor trusts also will be discussed, with an emphasis on trust provisions, trust administration, and other planning options that allow for the inclusion of capital gains in “distributable net income.” The panelists also will address other related issues, such as “toggling” grantor trust status on and off and the income tax implications of powers of appointment and withdrawal powers.
The cost to attend this Forum is $249. For additional details and to register, please click here.