Alert

What’s Shaking: Blank Rome State + Local Tax Roundup

Blank Rome’s nationally prominent State + Local Tax attorneys are thought leaders in the community as frequent guest speakers at various local and national conferences throughout the year. Our State + Local Tax attorneys believe it is necessary to educate and inform their clients and contacts about topics that will impact their businesses. We invite you to attend, listen, and learn as our State + Local Tax attorneys interpret and discuss key legal issues companies are facing and how you can put together a plan of action to mitigate risk and advance your business in accordance with state and local tax laws. 

• Save the Date: Blank Rome State + Local Tax Summit 2021
  Please save the date for our annual State + Local Tax Summit on Friday, August 13, 2021, from 9:00 a.m. to 2:00 p.m., in person at 1271 Avenue of the Americas, New York, NY. The Summit will include discussion of the state and local issues affecting your company. New York CPE and CLE certification will be requested. There is no fee to attend. Blank Rome is aware of the continued concerns regarding COVID-19. The health and safety of our clients and employees are our highest priorities. We continue to monitor the situation closely and have implemented precautionary measures across our business. More details will follow in an upcoming issue of The BR State + Local Tax Spotlight.

• Article: Outsourcing Tax Staff: Don’t Outsource Attorney-Client Privilege
  Mitchell A. Newmark and Eugene J. Gibilaro authored the article, “Outsourcing Tax Staff: Don’t Outsource Attorney-Client Privilege,” which was published in the May 2021 edition of Tax Notes® State (Vol. 100). In the article, Mitchell and Eugene examine the implications for the attorney-client privilege of outsourcing a company’s tax functions to a third-party tax service provider. To learn more, please click here.

• Client Advisory: New York State Enacts Pass-Through Entity Tax as SALT Limitation Workaround
  Irwin M. Slomka, Craig B. Fields, Cory G. Jacobs, and Joseph T. Gulant published a client advisory on the recent creation of the New York Pass-Through Entity Tax, effective for tax years beginning on or after January 1, 2021. The tax takes on added significance in mitigating the effect of the newly-imposed New York State personal income tax rate increases on high earners. To read this alert, please click here.

• Mitchell Newmark Named to Law360 Tax Authority’s State & Local Editorial Advisory Board
  Mitchell A. Newmark was selected to join the Law360 Tax Authority State & Local Editorial Advisory Board, whose purpose is to get feedback on Law360’s coverage and to gain insight from leaders in the field on how best to shape future coverage. To learn more, please click here.

• University of Wisconsin at Milwaukee │ 2021 SALT Lecture Series
  Craig B. Fields will serve as a panelist at the University of Wisconsin at Milwaukee 2021 SALT Lecture Series, which will be held in Fall 2021 as a virtual conference. Craig will discuss significant nationwide developments in state and local taxation.

• NYU State and Local Tax Study Group Virtual Events
  Holly L. Hyans and Nicole L. Johnson served as panelists at the NYU State and Local Tax Study Group, which was held May 5, with another session scheduled for June 9, 2021, as virtual events. Holly and Nicole will discuss current developments in state and local taxation.

• Council on State Taxation (“COST”) │ 2021 State Income Tax Webinar
  Nicole L. Johnson and Mitchell A. Newmark served as panelists at the COST 2021 State Income Tax Webinar, which was held April 26–29, 2021. Blank Rome was pleased to be a sponsor of the program. Mitchell presented on “Qualifying to Do Business in a State—How Does That Impact an Entity’s Tax Status?” and Nicole presented on “Tax Planning for Rapidly Changing Supply Chains and Business Models.” To learn more, please click here.

This article is one in a series of articles written for the May 2021 edition of The BR State + Local Tax Spotlight.